North West hikes its dividend

Article Excerpt

NORTH WEST COMPANY $34.63, is a buy. This retailer (Toronto symbol NWC; TSINetwork Rating: Extra Risk) (www.northwest.ca; Shares outstanding: 48.8 million; Market cap: $1.7 billion; Dividend yield: 4.2%) sells food, and everyday products and services through 244 stores. Those locations are mainly in northern communities across Canada and Alaska. The long-term outlook for the company and its investors remains very positive. That’s especially so for its operations in the North, including Alaska, where it holds a dominant market position. Meanwhile, North West has raised its quarterly dividend by 9.1%, to $0.36 from $0.33, with the October 2020 payment. The shares now yield a high 4.2% for investors. North West Company is a buy. buy…

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