Reitmans Limited (RET) Shares Up 4.3%

Shares of Reitmans Limited (TSE:RET) shot up 4.3% during mid-day trading on Friday . The company traded as high as C$4.71 and last traded at C$4.85. 4,258 shares were traded during trading, an increase of Infinity from the average session volume of 0 shares. The stock had previously closed at C$4.65.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Wednesday, October 11th.

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Reitmans Limited Company Profile

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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