Dollarama Inc. (TSE:DOL) Plans Dividend Increase – $0.09 Per Share

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Investors of record on Friday, May 3rd will be paid a dividend of 0.092 per share on Friday, May 3rd. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Dollarama’s previous quarterly dividend of $0.07.

Dollarama Stock Down 0.9 %

TSE:DOL opened at C$111.60 on Wednesday. The stock’s fifty day moving average price is C$104.96 and its two-hundred day moving average price is C$99.68. The company has a market cap of C$31.39 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 1.93 and a beta of 0.57. Dollarama has a 52-week low of C$80.81 and a 52-week high of C$114.81. The company has a debt-to-equity ratio of 1,477.71, a quick ratio of 0.08 and a current ratio of 1.51.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director Paul Roche sold 707 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total value of C$79,100.01. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on DOL shares. Wells Fargo & Company lowered their price objective on Dollarama from C$110.00 to C$105.00 in a research report on Thursday, January 4th. CIBC lifted their price target on shares of Dollarama from C$99.00 to C$115.00 in a research report on Friday, April 5th. Scotiabank increased their price objective on shares of Dollarama from C$107.00 to C$113.00 in a report on Friday, April 5th. BMO Capital Markets increased their price objective on shares of Dollarama from C$105.00 to C$124.00 in a report on Friday, April 5th. Finally, Canaccord Genuity Group increased their price objective on shares of Dollarama from C$98.00 to C$100.00 in a report on Monday, April 1st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$109.36.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.