Dollarama Inc. (TSE:DOL) Plans $0.09 Quarterly Dividend

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Investors of record on Friday, February 7th will be given a dividend of 0.092 per share on Friday, February 7th. This represents a $0.37 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, January 10th.

Dollarama Stock Up 0.2 %

Shares of TSE:DOL opened at C$139.26 on Wednesday. The business has a fifty day simple moving average of C$143.82 and a 200 day simple moving average of C$136.96. Dollarama has a 12-month low of C$94.39 and a 12-month high of C$152.97. The firm has a market cap of C$39.24 billion, a P/E ratio of 36.08, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24.

Insider Activity

In other news, Director Stephen Gunn sold 54,950 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Also, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. Company insiders own 2.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DOL shares. UBS Group set a C$147.00 price objective on Dollarama and gave the stock a “neutral” rating in a research note on Friday, December 13th. TD Securities boosted their price target on shares of Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Desjardins boosted their target price on shares of Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada decreased their price target on Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$145.17.

About Dollarama

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