LOBLAW COMPANIES $40.37 (Toronto symbol L; Shares outstanding: 281.7 million; Market cap: $11.4 billion; TSINetwork Rating: Above Average; Dividend yield: 2.2%; www.loblaw.ca) has risen 20% since it announced its plan to hold the bulk of its properties in a real estate investment trust in December 2012.
Even so, the stock still trades at a reasonable 16.3 times the $2.47 a share that Loblaw earned in 2012. The company’s earnings could rise to $2.65 a share in 2013. The stock trades at 15.2 times that forecast.
As well, the company recently raised its quarterly dividend by 4.8%, to $0.22 a share from $0.21. The stock now yields 2.2%.
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Privacy Policy and Terms of Use
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What personal information do we collect?
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