Albertsons Companies, Inc. to Issue Quarterly Dividend of $0.15 (NYSE:ACI)

Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) announced a quarterly dividend on Tuesday, April 15th, RTT News reports. Shareholders of record on Friday, April 25th will be given a dividend of 0.15 per share on Friday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 2.79%.Get Albertsons Companies alerts:Kroger Is a Good Buy for 2025 After Failed Albertson’s BidAlbertsons Companies has increased its dividend by an average of 5.0% per year over the last three years. Albertsons Companies has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Albertsons Companies to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 27.0%. Albertsons Companies Price PerformanceShares of ACI stock opened at $21.50 on Tuesday. Albertsons Companies has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.92 and a beta of 0.47. The stock's 50-day simple moving average is $21.18 and its 200-day simple moving average is $19.92. Wall Street Analyst Weigh InQ4’s Most Upgraded Stocks: Promising Buys for 2025Several analysts have weighed in on the stock. Citigroup began coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 target price on the stock. UBS Group cut their target price on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Evercore ISI raised their target price on Albertsons Companies from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 11th. Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a research note on Friday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.50.Get Our Latest Analysis on Albertsons CompaniesAlbertsons Companies Company Profile (Get Free Report)Kroger Stock is a Win-Win for Buy-and-Hold InvestorsAlbertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.Featured StoriesFive stocks we like better than Albertsons CompaniesWhat is a Bond Market Holiday? How to Invest and Trade3 ETFs Thriving in April’s Market Chaos—Are You Missing Out?How to Most Effectively Use the MarketBeat Earnings ScreenerFinancial Sector: Pullback Opportunity or Warning Sign?EV Stocks and How to Profit from Them Traders Started Betting on PayPal's Rally AgainThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Albertsons Companies Right Now?Before you consider Albertsons Companies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Albertsons Companies wasn't on the list.While Albertsons Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here