The North West Company Inc. Declares Quarterly Dividend of $0.40 (TSE:NWC)

The North West Company Inc. (TSE:NWC) declared a quarterly dividend on Wednesday, April 16th, TickerTech Dividends reports. Shareholders of record on Thursday, April 24th will be given a dividend of 0.40 per share on Thursday, April 24th. This represents a $1.60 annualized dividend and a yield of 3.05%. The ex-dividend date is Wednesday, April 16th.

North West Stock Up 4.5 %

Shares of NWC stock opened at C$52.38 on Monday. The stock’s fifty day moving average price is C$47.75 and its 200 day moving average price is C$49.54. North West has a 1-year low of C$37.15 and a 1-year high of C$55.93. The company has a market cap of C$2.52 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NWC. Cibc World Mkts upgraded shares of North West to a “strong-buy” rating in a report on Wednesday, February 19th. TD Securities raised their price target on shares of North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets lifted their price objective on shares of North West from C$58.00 to C$60.00 in a research note on Thursday. Finally, CIBC raised their target price on North West from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.