Dollarama Raises Dividend By 30%


(MENAFN- Baystreet) This Dividend Stock Can Also Give You Exposure to the Fast-Growing Cannabis Industry

  • Is this 8.7% Dividend-Yielding Stock the Best Deal for Income Investors?
  • Nike Aims to Bolster Retail Sales After Q3 Earnings
  • JPMorgan Raises Dividend For Second Time In Six Months
  • This Dividend Growth Stock Just Hiked Its Payouts by 26% Add this under widget Previous Articles Subscribe to Get Small Cap News & Alerts Baystreet Staff - Thursday, April 4, 2024

    Dollarama Raises Dividend By 30%

    Canadian retailer Dollarama (DOL) has raised its quarterly dividend payment by 30% as it reports better-than-expected financial results for the fourth quarter of 2023.

    The Montreal-based chain of dollar stores said that, going forward, it will pay a quarterly dividend of 9.2 cents per share, up 30% from 7.08 cents a share previously.

    The dividend hike comes as Dollarama reported that it earned $1.15 a share in the final quarter of last year. The result was up 26% from a profit of $0.91 per share a year earlier.

    Revenue in the quarter totalled $1.64 billion, up 12% from $1.47 billion a year earlier.

    Comparable store sales rose 8.7% and the number of transactions rose 11.2% as Canadians turn to dollar stores more with consumer prices elevated.

    However, Dollarama said that its average transaction size during the quarter fell 2.2%.

    Dollarama's dividend increase brings the yield on its stock closer to 1%.

    Over the last 12 months, the stock of Dollarama has risen 23% to trade at $100.36 per share.





    • About Us
    • Contact Us
    • Advertise
    • License Our Content
    • Jobs
    • Disclaimer
    • Privacy Policy

    Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks

    MENAFN04042024000212011056ID1108059459


  • Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.