Albertsons Companies, Inc. (NYSE:ACI) to Issue Quarterly Dividend of $0.12

Albertsons Companies, Inc. (NYSE:ACI) declared a quarterly dividend on Thursday, April 11th, NASDAQ reports. Stockholders of record on Friday, April 26th will be given a dividend of 0.12 per share on Friday, May 10th. This represents a $0.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, April 25th.

Albertsons Companies has increased its dividend by an average of 68.7% per year over the last three years. Albertsons Companies has a dividend payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Albertsons Companies to earn $2.65 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 18.1%.

Albertsons Companies Trading Down 0.5 %

ACI opened at $20.24 on Tuesday. Albertsons Companies has a 52 week low of $19.88 and a 52 week high of $23.88. The business has a fifty day simple moving average of $20.90 and a 200-day simple moving average of $21.64. The firm has a market cap of $11.66 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.96 and a beta of 0.50. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09.

Analyst Ratings Changes

Several research analysts have recently commented on ACI shares. Tigress Financial restated a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Royal Bank of Canada restated an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 13th. Evercore ISI lowered their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Roth Mkm lifted their target price on Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a report on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Albertsons Companies currently has an average rating of “Hold” and a consensus price target of $24.85.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.