Empire Company Limited (EMP.A) to Distribute Quarterly Dividend of $0.24 on October 30th

Empire Company Limited (TSE:EMP.A) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be given a dividend of $0.2425 per share on Friday, October 30th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 15th.

Empire Price Performance

EMP.A opened at C$48.85 on Tuesday. The company has a market capitalization of C$10.93 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 16.20 and a beta of -0.21. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29. Empire has a fifty-two week low of C$43.81 and a fifty-two week high of C$52.64. The business has a 50-day moving average of C$48.15 and a 200-day moving average of C$48.58.

Empire (TSE:EMP.A) last announced its quarterly earnings results on Thursday, September 10th. The company reported C$1.04 EPS for the quarter. Empire had a return on equity of 12.94% and a net margin of 2.18%. The business had revenue of C$8.47 billion during the quarter. Equities research analysts forecast that Empire will post 2.96 EPS for the current fiscal year.

About Empire

Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses are food retailing, through wholly-owned subsidiary Sobeys Inc, and related real estate. With approximately $32 billion in annual sales and $17 billion in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 130,000 people. Additional financial information relating to Empire, including the Company’s Annual Information Form, can be found on the Company’s website at www.empireco.ca or on SEDAR+ at www.sedarplus.ca.