#pjc.a

Option Assignment – The Jean Coutu Group

Another position exits my portfolio. Earlier in the month, I had written a covered call option on The Jean Coutu Group (PJC.A.TO). The option expired on Friday Jul 15, 2016 with the stock ending up in-the-money, which resulted in the stock getting called away. I owned PJC.A.TO for approximately two and a half years and the company has traded sideways during the duration, although it reached a…

Jean Coutu Group (PJC.A.TO) Dividend Increase

The Jean Coutu Group (PJC.A.TO) announced 10% increase in its cash dividend. The quarterly cash dividend will increase from $0.10 to $0.11 per share and payable on May 29, 2015, to shareholders on record as of May 15, 2015. The annual dividend amount increases from $0.40 to $0.44. Yield going forward is 1.78%.

From the Q4 earnings report:

Revenues increased by 4.2% to $713.9 million in the fourth…