Leon’s Furniture Limited (TSE:LNF) Plans Dividend Increase – $0.20 Per Share

Leon’s Furniture Limited (TSE:LNF) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Monday, September 9th will be given a dividend of 0.20 per share on Monday, October 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Monday, September 9th. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.18.

Leon’s Furniture Trading Down 0.2 %

Leon’s Furniture stock opened at C$28.95 on Friday. Leon’s Furniture has a 12-month low of C$16.46 and a 12-month high of C$30.64. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53. The stock has a market capitalization of C$1.97 billion, a PE ratio of 13.53 and a beta of 0.82. The firm has a 50 day simple moving average of C$26.04 and a 200-day simple moving average of C$23.47.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 EPS for the quarter. The company had revenue of C$617.66 million for the quarter. Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%. As a group, equities research analysts expect that Leon’s Furniture will post 2.0291921 EPS for the current fiscal year.

Insider Transactions at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 3,800 shares of Leon’s Furniture stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$30.00, for a total value of C$114,000.00. 69.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Acumen Capital set a C$34.00 price objective on shares of Leon’s Furniture and gave the company a “buy” rating in a research report on Wednesday, August 21st.

About Leon’s Furniture

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.