Published on 5 May 2024 on Simply Wall St. via Yahoo Finance
The board of Loblaw Companies Limited (TSE:L) has announced that it will be increasing its dividend by 15% on the 1st of July to CA$0.513, up from last year's comparable payment of CA$0.446. This makes the dividend yield about the same as the industry average at 1.2%.
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Loblaw Companies' Payment Has Solid Earnings Coverage