TSX:DOLMultiline Retail
Is Dollarama’s $750M Notes And Dividend Hike Altering The Investment Case For Dollarama (TSX:DOL)?
Dollarama Inc. recently completed a $375,000,000 fixed-income offering of 3.940% senior unsecured notes due July 25, 2031, following the pricing of a total $750,000,000 senior notes package that also includes 4.576% notes due April 2, 2036, alongside a board-approved increase in its quarterly dividend to $0.1200 per share.
Together with ongoing share repurchases, this mix of new long-term debt, dividend growth and capital spending plans signals management’s emphasis on balancing shareholder...