EMLAF (Empire Co) Dividend Payout Ratio: 0.28 (As of Apr. 2026) — Near Median


EMLAF Empire Co Ltd EMLAF
78 GF Score
Price $36.05
GF Value $32.94
Valuation Fairly Valued
! 3 Warning Signs
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What is Empire Co Dividend Payout Ratio?

Empire Co EMLAF -1.04% 78 Dividend Payout Ratio is 0.28 as of Apr. 2026, which is 4% above its 10-year median of 0.27. GuruFocus rates EMLAF with a GF Score™ of 78/100 and a GF Value™ of $32.94 (Fairly Valued). The stock has 3 warning signs investors should review. Among 180 Retail - Defensive companies, Empire Co ranks better than 66.11% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Empire Co's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.28.

The historical rank and industry rank for Empire Co's Dividend Payout Ratio or its related term are showing as below:

EMLAF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.27   Max: 0.88
Current: 0.29

During the past 13 years, the highest Dividend Payout Ratio of Empire Co was 0.88. The lowest was 0.21. And the median was 0.27.

EMLAF's Dividend Payout Ratio is ranked better than
66.11% of 180 companies
in the Retail - Defensive industry
Industry Median: 0.365 vs EMLAF: 0.29

As of today (2026-06-28), the Dividend Yield % of Empire Co is 1.78%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Empire Co was 2.71%. The lowest was 1.21%. And the median was 1.70%.

Empire Co's Dividends per Share for the months ended in Apr. 2026 was $0.16.

During the past 12 months, Empire Co's average Dividends Per Share Growth Rate was 10.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Empire Co was 32.60% per year. The lowest was -31.10% per year. And the median was 8.25% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Empire Co (OTCPK:EMLAF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Empire Co Dividend Payout Ratio Related Terms

Empire Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Empire Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Empire Co Dividend Payout Ratio Chart

Empire Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.26 0.30 0.27 0.27

Empire Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.26 0.32 0.32 0.28

EMLAF vs KR, SFM, ACI: Dividend Payout Ratio Comparison

For the Grocery Stores subindustry, Empire Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Empire Co Dividend Payout Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Empire Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Empire Co's Dividend Payout Ratio falls into.


EMLAF
78GF Score
Empire Co Ltd EMLAF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Empire Co Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Empire Co's Dividend Payout Ratio for the fiscal year that ended in Apr. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Apr. 2026 )/ EPS without NRI (A: Apr. 2026 )
=0.64/ 2.355
=0.27

Empire Co's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Apr. 2026 )/ EPS without NRI (Q: Apr. 2026 )
=0.16/ 0.578
=0.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.28 mean?
Empire Co (EMLAF) has a Dividend Payout Ratio of 0.28 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Empire Co and its competitors. This is near median its historical median of 0.27. Over the past decade, Empire Co's Dividend Payout Ratio has ranged from 0.21 to 0.88. According to the industry distribution chart, Empire Co ranks #61 out of 180 companies in the Retail - Defensive industry, placing it in the top 33.9%.
Is Empire Co's Dividend Payout Ratio too high?
Empire Co's current Dividend Payout Ratio of 0.28 is near median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.88. The Retail - Defensive industry median Dividend Payout Ratio is 0.37. Empire Co's value of 0.28 is 23.3% below this industry median. Based on the distribution chart, Empire Co ranks #61 out of 180 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Empire Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Empire Co's Dividend Payout Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Empire Co ranks #61 out of 180 companies for Dividend Payout Ratio. This puts Empire Co in the upper half of its industry. The industry median Dividend Payout Ratio is 0.37. Empire Co's value of 0.28 is 23.3% below this benchmark. Historically, Empire Co's own Dividend Payout Ratio has ranged from 0.21 to 0.88 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.37, Empire Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Retail - Defensive company?
The median Dividend Payout Ratio among Retail - Defensive companies is 0.37, based on 180 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empire Co's current Dividend Payout Ratio of 0.28 is 23.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Empire Co and its competitors. For the Retail - Defensive industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire Co's current Dividend Payout Ratio is 0.28, which is near median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Co stock overvalued right now?
Based on GuruFocus' analysis, Empire Co (EMLAF) is currently considered Fairly Valued. The stock's GF Value™ is $32.94, compared to a current price of $36.05 — trading 9.4% above its estimated fair value. The current Dividend Payout Ratio is 0.28, which is near median its 10-year median of 0.27 and 23.3% below the Retail - Defensive industry median of 0.37. Empire Co's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Empire Co (EMLAF), the current Dividend Payout Ratio is 0.28 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Empire Co (EMLAF) Overvalued in 2026?

Based on GuruFocus' analysis, Empire Co stock appears to be overvalued. The current stock price of $36.05 is trading 9.4% above its estimated GF Value™ of $32.94. GuruFocus considers Empire Co to be Fairly Valued.

Key valuation signals for EMLAF:

  • Dividend Payout Ratio: 0.28 (near median its 10-year median of 0.27)
  • GF Value™: $32.94 vs. price of $36.05 (9.4% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 23.3% below the Retail - Defensive median (#61 of 180)

No single metric tells the full story. See the EMLAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Empire Co Business Description

Other Exchanges C15:GermanyEMP.A:Canada
Address 115 King Street, Stellarton, NS, CAN, B0K 1S0
Empire Co Ltd is a Canadian company whose key businesses are food retailing and related real estate. The Company's business operations were conducted through its two reportable segments: Food retailing and Investments and other operations. The Food retailing segment is comprised of three operating segments: Sobeys National, Farm Boy and Longo's. Food retailing consists of corporate and franchisee-owned retail food stores, and includes convenience and fuel stores, retail pharmacy stores and in-store pharmacies, as well as an e-commerce grocery-business, providing customers offerings in fresh and non-fresh grocery, fuel, pharmacy, health and beauty care and general merchandise. The Investments and other operations consists of investments in Crombie REIT, real estate partnership.
78GF Score

Get the complete analysis for EMLAF

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.05
Price
$32.94
GF Value