Pet Valu Holdings Ltd. (TSE:PET) Increases Dividend to $0.58 Per Share

Pet Valu Holdings Ltd. (TSE:PET) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Investors of record on Friday, December 20th will be paid a dividend of 0.58 per share on Friday, January 3rd. This represents a $2.32 annualized dividend and a yield of 8.87%. This is a boost from Pet Valu’s previous quarterly dividend of $0.11.

Pet Valu Price Performance

Shares of TSE:PET traded up C$0.69 during trading on Tuesday, reaching C$26.16. 11,801 shares of the company’s stock traded hands, compared to its average volume of 70,295. The company’s 50 day moving average is C$25.50. The stock has a market cap of C$1.87 billion, a PE ratio of 22.34 and a beta of 0.81. Pet Valu has a 12 month low of C$23.58 and a 12 month high of C$32.90.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.36 earnings per share for the quarter, topping the consensus estimate of C$0.33 by C$0.03. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. The business had revenue of C$265.23 million during the quarter, compared to analyst estimates of C$266.86 million. On average, research analysts anticipate that Pet Valu will post 1.6820546 EPS for the current year.

Analyst Ratings Changes

PET has been the topic of a number of recent research reports. Cibc World Mkts raised Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th. Barclays raised shares of Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th.

About Pet Valu

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.