Empire Company's Director Michael Bennett Medline Sells Shares

Empire Company Limited (TSE:EMP.A) Director Michael Bennett Medline recently sold 75,844 shares of the company's stock on Friday, December 13th. The shares were sold at an average price of C$44.83, amounting to a total transaction value of C$3,400,086.52.

Empire Price Performance

The stock opened at C$44.40 on Thursday. Empire Company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29, and a current ratio of 0.79. The company's shares have traded between a low of C$31.45 and a high of C$46.77 over the past year. Empire has a market capitalization of C$6.23 billion. Its price-to-earnings (PE) ratio stands at 16.20 with a price-to-earnings-growth (PEG) ratio also at 16.20, and a beta of 0.48. The fifty-day moving average is C$41.64, while the 200-day moving average is C$38.06.

Empire Dividend Announcement

Empire Company recently announced a quarterly dividend, which was disbursed on Thursday, October 31st. Shareholders recorded on that date received a dividend of $0.20 per share, translating into an annualized dividend of $0.80, resulting in a dividend yield of 1.80%. The ex-dividend date was set for Tuesday, October 15th. The company maintains a dividend payout ratio of 29.20%.

Wall Street Analysts Forecast Growth

About Empire

Empire Company Limited primarily focuses on food retailing, investments, and other operations. The food retailing segment operates largely through its subsidiary, Sobeys, which generates the majority of the company's revenue. Empire Company operates more than 1,500 stores across 10 provinces, under various retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations.

Empire, Stocks, Shares