Canadian discount retailer Dollarama (TSE: DOL) has increased its quarterly dividend by 13%.
The Montreal-based company said that, going forward, it will pay a quarterly distribution to shareholders of $0.12 per share, up from $0.1058 previously.
Dollarama has raised its dividend for 15 consecutive years since first paying a distribution in 2011. The stock currently has a dividend yield of about 0.25%.
The dividend hike was announced alongside the company’s financial results.
Dollarama reported earnings per share (EPS) $1.43 for its latest quarter. That was ahead of analysts’ consensus expectation of $1.41.
Revenue in the period totaled $2.1 billion, which was slightly ahead of the $2.07 billion expected among analysts. Sales were up 11.7% from a year earlier
Looking ahead, Dollarama guided for comparable store sales growth in Canada of 3% to 4% in the year ahead.
Management said they expect to open between 60 and 70 new store locations in Canada during 2026.
DOL stock has risen 12% over the past year to trade at $168.66 per share.
