Dollarama Inc. (TSE:DOL) to Issue $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 paid a dividend of 0.092 per share on Friday, February 7th. This represents a $0.37 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, January 10th.

Dollarama Stock Performance

Shares of DOL stock opened at C$139.26 on Wednesday. Dollarama has a 1 year low of C$94.39 and a 1 year high of C$152.97. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. The firm has a market cap of C$39.24 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.93 and a beta of 0.56. The stock’s 50-day moving average is C$143.82 and its two-hundred day moving average is C$136.96.

Analyst Upgrades and Downgrades

DOL has been the topic of several research analyst reports. Cfra raised Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. National Bank Financial cut shares of Dollarama from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada decreased their price target on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Desjardins lifted their price objective on shares of Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, TD Securities increased their target price on shares of Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$145.17.

Insider Buying and Selling

In other news, Senior Officer Mark Di Pesa sold 530 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Also, Director Stephen Gunn sold 54,950 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. 2.23% of the stock is currently owned by corporate insiders.

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.