Pet Valu Holdings Ltd. (TSE:PET) has announced a quarterly dividend of $0.12 per share, set to be paid to stockholders of record on December 15, 2023. This payment will be made on the same day, reflecting an annualized dividend yield of 1.7%. The announcement was made on November 28, 2023, coinciding with the ex-dividend date for this dividend.
In market activity on Wednesday, shares of Pet Valu traded down by C$0.45, closing at C$28.60. The trading volume reached 169,507 shares, surpassing the average volume of 121,835 shares. Currently, Pet Valu has a market capitalization of approximately C$1.97 billion, with a price-to-earnings (P/E) ratio of 20.88 and a beta of 0.93. The stock’s performance has seen a 50-day moving average of C$33.54 and a 200-day moving average of C$33.85. Over the past year, the stock has fluctuated between a low of C$22.53 and a high of C$39.24.
Recent Financial Performance Highlights
On November 4, 2023, Pet Valu released its latest quarterly earnings results, reporting earnings per share (EPS) of C$0.36. The company’s revenue for the quarter reached C$289.46 million, demonstrating a strong financial position. Pet Valu also achieved a return on equity of 100.39% and a net margin of 8.02%.
Equities research analysts estimate that Pet Valu is on track to post an EPS of approximately 1.68 for the current fiscal year, indicating a solid outlook for the company’s financial performance.
About Pet Valu Holdings Ltd.
Based in Canada, Pet Valu Holdings Ltd. specializes in pet-related products and services. Its offerings include a wide range of items such as dry food, wet food, frozen raw food, jerky treats, and training treats. Additionally, Pet Valu provides various services, including dog washing, grooming, and pet adoption programs.
The company’s commitment to quality products and services continues to resonate with pet owners, solidifying its position in the market. For those interested in receiving ongoing updates about Pet Valu, MarketBeat.com offers a free daily newsletter summarizing the latest news and analyst ratings related to the company and its industry peers.
