Dollarama on South Bayview
Dollarama, the place where everyone shops but no one wants to be seen, raised its dividend Thursday as it reported a fourth-quarter profit of $172 million, up from $162 .8 million a year earlier. Dollarama came within a penny of earning 55 cents a share. The retailer says it will now pay a quarterly dividend of 4.4 cents per share, up from four cents. Analysts say Dollarama needs to charge more for some items but it promises to keep prices at a maximum of $4. It fears competition from Dollar Tree and others although Dollarama outflanks its rival with a huge number of locations. The closest Dollar Tree to South Bayview is Coxwell and Gerrard.
