Dollarama Inc. (TSE:DOL) Plans Quarterly Dividend of $0.11

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Thursday, April 17th, TickerTech Dividends reports. Stockholders of record on Friday, May 9th will be paid a dividend of 0.1058 per share on Friday, May 9th. This represents a $0.42 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, April 17th. This is a 15.0% increase from Dollarama’s previous quarterly dividend of $0.09.

Dollarama Trading Up 3.5 %

DOL stock opened at C$167.41 on Tuesday. The firm has a fifty day moving average price of C$149.24 and a 200 day moving average price of C$144.46. Dollarama has a fifty-two week low of C$111.10 and a fifty-two week high of C$174.22. The firm has a market cap of C$46.26 billion, a PE ratio of 42.64, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43.

Insider Transactions at Dollarama

In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of C$160.00, for a total value of C$4,480,000.00. Corporate insiders own 2.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DOL shares. National Bank Financial upgraded shares of Dollarama from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 27th. Stifel Nicolaus boosted their price objective on Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. UBS Group raised their price objective on Dollarama from C$147.00 to C$165.00 in a research note on Friday, April 4th. Scotiabank boosted their target price on Dollarama from C$150.00 to C$175.00 in a research report on Friday, April 4th. Finally, Jefferies Financial Group set a C$180.00 price target on Dollarama and gave the company a “buy” rating in a report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Dollarama currently has an average rating of “Moderate Buy” and a consensus price target of C$164.50.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.