BRAMPTON—Loblaw Companies Ltd. raised its dividend Wednesday as it reported its latest quarterly profit was up from a year ago. The grocery and drugstore retailer says its quarterly dividend will rise by a penny to 27 cents per share. The increase came as Loblaw reported $230 million in net earnings available to common shareholders or 57 cents per diluted share for the quarter ended on March 25. Read more:Loblaw’s profit climbs 57 per cent to $201 millionThat was up from $193 million or 47 cents per diluted share in the same quarter last year.

Source: thestar May 03, 2017 15:22 UTC