Leon’s Furniture Ltd. (LNF) To Go Ex-Dividend on December 6th

Leon’s Furniture Ltd. (TSE:LNF) declared a quarterly dividend on Wednesday, November 14th, Zacks reports. Investors of record on Friday, December 7th will be paid 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 3.71%. 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.

Shares of Leon’s Furniture stock opened at C$15.10 on Wednesday. Leon’s Furniture has a 12 month low of C$14.70 and a 12 month high of C$19.50. The company has a debt-to-equity ratio of 27.23, a current ratio of 1.55 and a quick ratio of 0.65.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings data on Wednesday, November 14th. The company reported C$0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.03). The firm had revenue of C$592.33 million during the quarter. On average, equities research analysts forecast that Leon’s Furniture will post 1.37999997440212 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on LNF shares. 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. 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, 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.

In related news, Director Terrence Leon acquired 4,200 shares of the stock in a transaction dated Friday, November 16th. The stock was acquired at an average cost of C$15.41 per share, with a total value of C$64,722.00. Insiders bought a total of 11,500 shares of company stock valued at $176,883 over the last ninety days.

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About Leon’s Furniture

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.

Further Reading: Balance Sheet

Dividend History for Leon`s Furniture (TSE:LNF)

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