Reitmans Limited (RET) Shares Up 3.4%

Reitmans Limited (TSE:RET) shot up 3.4% during trading on Wednesday . The company traded as high as C$4.50 and last traded at C$4.50. 11,100 shares were traded during mid-day trading, an increase of 205% from the average session volume of 3,637 shares. The stock had previously closed at C$4.35.

The company’s 50 day moving average price is $4.20 and its 200-day moving average price is $4.46. The firm has a market capitalization of $285.62 million and a P/E ratio of 26.53.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Wednesday, October 11th.

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About Reitmans Limited

Reitmans (Canada) Limited is a Canada-based company, which is engaged in the sale of ladies’ specialty apparel to consumers through its retail banners. The Company has stores located in malls and retail power centers across Canada. The Company operates under banners, including Reitmans, which is a women’s apparel specialty chain and fashion brand that operates over 330 stores; Penningtons, which offers products under plus-size fashion sizes 14 to 32 and operates over 130 stores; Addition Elle, which offers products for plus-size women and operates over 110 stores; RW & CO., which offers fashions for men and women with approximately 80 stores; Thyme Maternity, which is a brand for moms-to-be with over 70 stores, and offers a complete line of nursing fashions and accessories; Hyba, which offers activewear and yoga clothes for exercising or sports and operates approximately 20 stores, and Smart Set.

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