Empire (TSE:EMP) Plans $0.20 Quarterly Dividend

Empire (TSE:EMP) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.20 per share on Thursday, October 31st. This represents a $0.80 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, October 15th.

Empire Price Performance

Empire has a 52 week low of C$23.00 and a 52 week high of C$25.49.

Empire (TSE:EMP) last issued its earnings results on Thursday, September 12th. The company reported C$0.90 EPS for the quarter, beating analysts’ consensus estimates of C$0.88 by C$0.02. The firm had revenue of C$8.14 billion during the quarter, compared to the consensus estimate of C$8.07 billion.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts raised Empire to a “strong-buy” rating in a research report on Friday, September 13th.

Empire Company Profile

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.