Leon’s Furniture Limited (LNF) To Go Ex-Dividend on September 9th

Leon’s Furniture Limited (TSE:LNF) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Monday, September 9th will be paid a dividend of 0.20 per share on Monday, October 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, September 9th. This is a positive change from Leon’s Furniture’s previous quarterly dividend of $0.18.

Leon’s Furniture Price Performance

LNF opened at C$28.95 on Friday. The company has a market capitalization of C$1.97 billion, a P/E ratio of 13.53 and a beta of 0.82. Leon’s Furniture has a 1-year low of C$16.46 and a 1-year high of C$30.64. The company has a 50-day moving average of C$26.04 and a 200-day moving average of C$23.47. The company has a debt-to-equity ratio of 41.88, a quick ratio of 0.53 and a current ratio of 1.42.

Leon’s Furniture (TSE:LNF) last issued its earnings results on Thursday, August 8th. The company reported C$0.44 EPS for the quarter. Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%. The company had revenue of C$617.66 million during the quarter. Equities analysts expect that Leon’s Furniture will post 2.0291921 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer John Andrew Cooney sold 3,800 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total transaction of C$114,000.00. Company insiders own 69.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Acumen Capital set a C$34.00 price target on shares of Leon’s Furniture and gave the company a “buy” rating in a report on Wednesday, August 21st.

About Leon’s Furniture

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.