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

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be given a dividend of 0.15 per share by the specialty retailer on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, August 17th.

Natural Grocers by Vitamin Cottage has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Natural Grocers by Vitamin Cottage has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Stock Down 11.9%

Shares of NYSE:NGVC traded down $3.85 during midday trading on Friday, reaching $28.61. The company had a trading volume of 306,159 shares, compared to its average volume of 151,607. The stock has a market capitalization of $659.08 million, a P/E ratio of 13.69 and a beta of 1.33. The stock’s fifty day moving average price is $31.50 and its 200-day moving average price is $28.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.05 and a quick ratio of 0.25. Natural Grocers by Vitamin Cottage has a one year low of $23.47 and a one year high of $45.98.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings data on Thursday, May 7th. The specialty retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $337.38 million during the quarter, compared to analyst estimates of $348.00 million. Natural Grocers by Vitamin Cottage had a net margin of 3.60% and a return on equity of 22.26%. Equities research analysts expect that Natural Grocers by Vitamin Cottage will post 2.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NGVC. Wall Street Zen downgraded Natural Grocers by Vitamin Cottage from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded shares of Natural Grocers by Vitamin Cottage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Alliance Global Partners began coverage on shares of Natural Grocers by Vitamin Cottage in a report on Thursday, April 16th. They set a “buy” rating and a $40.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.00.

Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers by Vitamin Cottage, Inc operates a chain of specialty grocery stores focused on natural and organic products. Founded in 1955 by Margaret and Philip Isely in Lakewood, Colorado, the company has built a reputation on strict product standards, including certified organic produce, non-GMO groceries and dietary supplements. Natural Grocers emphasizes whole, unprocessed foods and carries a broad assortment of private-label and national brands that meet its quality guidelines.

The company’s core offerings include fresh fruits and vegetables, bulk foods, vitamins, minerals and nutritional supplements, as well as natural body care and household items.