Leon’s Furniture Ltd. (TSE:LNF) declared a quarterly dividend on Wednesday, November 14th, Zacks reports. Shareholders of record on Friday, December 7th will be given a dividend of 0.14 per share on Monday, January 7th. This represents a $0.56 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, December 6th. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.12.
Leon’s Furniture stock opened at C$15.13 on Friday. Leon’s Furniture has a one year low of C$14.70 and a one year high of C$19.50. The company has a quick ratio of 0.65, a current ratio of 1.55 and a debt-to-equity ratio of 27.23.
A number of equities analysts have commented on the company. BMO Capital Markets lowered their price objective on Leon’s Furniture from C$20.00 to C$19.00 in a research note on Thursday, November 15th. CIBC lowered their price objective on Leon’s Furniture from C$21.00 to C$18.00 in a research note on Friday, November 16th. Finally, Desjardins lowered their price objective on Leon’s Furniture from C$21.00 to C$20.00 in a research note on Friday, November 16th.
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Leon’s Furniture Company Profile
Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of furniture, appliances, and home electronics in Canada. The company sells a range of home furniture, mattresses, appliances, and electronics, as well as acts as a commercial retailer of appliances to builders, developers, hotels, and property management companies under the Leon's, The Brick, The Brick Mattress Store, and The Brick Outlet banners.
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