Empire Company Limited (TSE:EMP.A) Announces Quarterly Dividend of $0.24

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

Empire Stock Performance

Empire stock opened at C$48.85 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. Empire has a 1 year low of C$43.81 and a 1 year high of C$52.64. The company has a market cap of C$10.93 billion, a PE ratio of 49.34, a PEG ratio of 16.20 and a beta of -0.21. The company’s 50-day moving average is C$48.15 and its two-hundred day moving average is C$48.58.

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