Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) to Issue Quarterly Dividend of $0.15

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) declared a quarterly dividend on Thursday, November 20th. Investors of record on Monday, December 1st will be paid a dividend of 0.15 per share by the specialty retailer on Wednesday, December 10th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, December 1st. This is a 25.0% increase from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.12.

Natural Grocers by Vitamin Cottage has a payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Stock Performance

Shares of NGVC opened at $30.15 on Friday. The stock has a 50-day moving average of $36.48 and a 200-day moving average of $40.19. The company has a market cap of $692.04 million, a PE ratio of 16.04 and a beta of 1.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.21. Natural Grocers by Vitamin Cottage has a one year low of $29.98 and a one year high of $61.22.

Hedge Funds Weigh In On Natural Grocers by Vitamin Cottage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NGVC. CWM LLC increased its stake in Natural Grocers by Vitamin Cottage by 167.8% in the 1st quarter. CWM LLC now owns 1,291 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 809 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Natural Grocers by Vitamin Cottage during the first quarter worth about $14,006,000. KLP Kapitalforvaltning AS purchased a new position in shares of Natural Grocers by Vitamin Cottage during the first quarter worth about $72,000. Cetera Investment Advisers bought a new position in shares of Natural Grocers by Vitamin Cottage in the 1st quarter worth $222,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the 1st quarter valued at $442,000. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company’s stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.