Pet Valu Holdings Ltd. (TSE:PET) Declares Quarterly Dividend of $0.11

Pet Valu Holdings Ltd. (TSE:PET) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.11 per share on Monday, December 16th. This represents a $0.44 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, November 29th.

Pet Valu Trading Up 1.3 %

PET stock traded up C$0.33 during trading hours on Wednesday, hitting C$25.23. 8,533 shares of the stock traded hands, compared to its average volume of 70,707. The firm has a 50-day moving average of C$25.50. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 21.84 and a beta of 0.81. Pet Valu has a one year low of C$23.58 and a one year high of C$32.90.

Pet Valu (TSE:PET) last released its earnings results on Tuesday, November 5th. The company reported C$0.41 EPS for the quarter, topping analysts’ consensus estimates of C$0.35 by C$0.06. The business had revenue of C$276.03 million for the quarter, compared to the consensus estimate of C$267.68 million. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%. On average, equities research analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current year.

Analyst Ratings Changes

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

Pet Valu Company Profile

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.