Pet Valu Holdings Ltd. (TSE:PET) has announced a quarterly dividend of C$0.12 per share, effective for shareholders of record on December 15, 2023. The announcement was made on November 28, 2023, according to TickerTech Dividends. This dividend yields approximately 1.7% when annualized, reflecting the company’s ongoing commitment to returning value to its shareholders.
The ex-dividend date for this distribution is also set for November 28, 2023, which means that investors must own the stock before this date to be eligible for the dividend payment.
Market Performance and Financial Overview
On the same day as the dividend announcement, shares of Pet Valu saw a decrease of 1.5%, trading down C$0.45 to reach C$28.60. The trading volume was notably higher than average, with 169,507 shares exchanged compared to an average of 121,835 shares. Currently, Pet Valu holds a market capitalization of approximately C$1.97 billion and maintains a P/E ratio of 20.88 with a beta of 0.93, indicating a relatively stable stock performance compared to the market.
In its latest quarterly earnings report released on November 4, 2023, Pet Valu reported earnings per share (EPS) of C$0.36 alongside revenues of C$289.46 million. The company’s strong financial standing is further highlighted by a return on equity of 100.39% and a net margin of 8.02%. Analysts predict an EPS of approximately 1.68 for the current fiscal year, pointing to continued growth potential.
About Pet Valu
Pet Valu Holdings Ltd. specializes in providing a wide range of pet-related products through its retail outlets. Their product offerings include dry and wet food, frozen raw food, jerky treats, and training treats, among others. Additionally, the company offers various services such as dog washing, pet adoption, and grooming.
With a commitment to pet welfare and a robust business model, Pet Valu continues to establish itself as a key player in the pet retail industry. The company’s strategic focus on customer service and product diversity positions it well for future growth and shareholder value enhancement.
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