Dollarama Inc. (TSE:DOL) Plans Quarterly Dividend of $0.06

Dollarama Inc. (TSE:DOLGet Rating) declared a quarterly dividend on Wednesday, June 8th, Zacks reports. Stockholders of record on Friday, July 8th will be paid a dividend of 0.055 per share on Friday, August 5th. This represents a $0.22 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, July 7th.

Shares of DOL stock opened at C$73.49 on Thursday. The company has a debt-to-equity ratio of 18,873.64, a quick ratio of 0.11 and a current ratio of 0.79. Dollarama has a one year low of C$52.30 and a one year high of C$76.80. The company’s 50-day simple moving average is C$71.76 and its 200-day simple moving average is C$66.45. The stock has a market capitalization of C$21.52 billion and a price-to-earnings ratio of 33.71.

Dollarama (TSE:DOLGet Rating) last issued its quarterly earnings results on Wednesday, March 30th. The company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.71 by C$0.03. The company had revenue of C$1.22 billion for the quarter, compared to the consensus estimate of C$1.23 billion. As a group, research analysts forecast that Dollarama will post 3.08 EPS for the current year.

Several brokerages have recently commented on DOL. National Bankshares increased their price target on shares of Dollarama from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, March 31st. Stifel Nicolaus assumed coverage on shares of Dollarama in a report on Wednesday, June 1st. They issued a “buy” rating and a C$80.50 target price on the stock. Wells Fargo & Company raised their price target on shares of Dollarama from C$73.00 to C$78.00 and gave the company an “equal weight” rating in a research note on Thursday, March 31st. CIBC raised their price target on shares of Dollarama from C$68.00 to C$74.00 and gave the company a “neutral” rating in a research note on Thursday, March 31st. Finally, Royal Bank of Canada raised their price target on shares of Dollarama from C$77.00 to C$79.00 and gave the company an “outperform” rating in a research note on Thursday, March 31st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$73.71.

About Dollarama (Get Rating)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of January 30, 2022, it operated 1,421 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Dividend History for Dollarama (TSE:DOL)

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