Pet Valu Holdings Ltd. (TSE:PET) has announced a quarterly dividend of $0.12 per share, payable to shareholders on December 15, 2023. The announcement was made on November 28, 2023, and the ex-dividend date is also set for the same day. This dividend reflects an annualized yield of 1.7%, signaling the company’s commitment to returning value to its investors.
On Wednesday, shares of Pet Valu traded down C$0.45, reaching C$28.60. A total of 169,507 shares changed hands, surpassing the average trading volume of 121,835 shares. The company’s market capitalization stands at approximately C$1.97 billion, with a price-to-earnings ratio of 20.88 and a beta of 0.93. Over the past year, Pet Valu’s stock has fluctuated between a low of C$22.53 and a high of C$39.24.
Recent Financial Performance
Pet Valu recently reported its quarterly earnings on November 4, 2023, disclosing earnings per share of C$0.36 for the quarter, alongside revenues of C$289.46 million. The company achieved a return on equity of 100.39% and a net margin of 8.02%. Analysts forecast an average earnings per share of 1.68 for the current fiscal year, indicating positive expectations for the company’s performance.
Pet Valu Holdings Ltd. specializes in providing a wide range of pet-related products through its retail outlets. The product offerings include dry and wet food, frozen raw food, jerky treats, and training treats. In addition to products, Pet Valu offers various services, such as dog washing, grooming, and pet adoption programs.
As the company continues to navigate the competitive pet retail market, the recent dividend declaration underscores its financial stability and dedication to shareholder returns. Investors and analysts will be watching closely to see how the company builds on its solid foundation in the coming quarters.
