Loblaw Companies Ltd. (TSE:L) Boosts Dividend as Profit Rises

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Canadian grocery giant saw its Q1 earnings jump 12%

Loblaw Companies Ltd. (TSE:L) reported first-quarter revenue that rose 3.3% to $10.4 billion, while its adjusted net earnings surged 12%, aided by increased cost savings.

The results were in line with analyst estimates compiled by Thomson Reuters.

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The Canadian grocery store giant also said it will raise its quarterly dividend by 4% to $0.26 per share.

Read the full article at: www.montrealgazette.com

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