LAKEWOOD, Colo. - Natural Grocers (NYSE:NGVC) by Vitamin Cottage, Inc. (NYSE: NGVC) has declared a quarterly cash dividend of $0.10 per common share, as announced by the company's Board of Directors today. This dividend is payable on June 19, 2024, to shareholders of record at the close of business on June 3, 2024.
Natural Grocers, a specialty retailer of natural and organic groceries, body care products, and dietary supplements, adheres to strict quality guidelines. The company prohibits the sale of products containing artificial colors, flavors, preservatives, sweeteners, or hydrogenated oils. It also commits to selling USDA certified organic produce and sources dairy and egg products from pasture-raised and free-range farms, respectively.
Founded in 1955, the Colorado-based retailer operates 168 stores across 21 states. In addition to its retail offerings, Natural Grocers provides free science-based nutrition education programs to assist customers in making informed health and nutrition decisions.
The dividend announcement follows the company's adherence to its policy of returning value to its shareholders. The decision to pay dividends is typically influenced by the company's financial performance, market conditions, and capital needs for ongoing operations and expansion.
InvestingPro Insights
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) has recently made news with its dividend declaration, reflecting a positive gesture towards its shareholders. An analysis of the company's financial health and market performance can offer additional insights into this decision.
InvestingPro data showcases that Natural Grocers is currently trading at a P/E ratio of 15.25, which is considered low relative to its near-term earnings growth. This is further substantiated by an adjusted P/E ratio for the last twelve months as of Q1 2024 at 14.7, indicating a stable earnings outlook. Additionally, the company's revenue growth for the same period stands at 6.32%, pointing to a consistent expansion in its financial performance.
From an investment standpoint, Natural Grocers has demonstrated a robust return over the last year, with a 1 Year Price Total Return at an impressive 78.83%. This is complemented by a significant 6 Month Price Total Return of 52.96%, suggesting strong recent market confidence in the company.
For those considering a deeper dive into the company's performance metrics and future outlook, InvestingPro offers additional insights. There are 5 more InvestingPro Tips available, which include details such as the company's profitability over the last twelve months and its large price uptick over the last six months. These tips could provide valuable context for both current and potential investors.
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