Whether you're looking for your weekly meals or want to build a passive income empire, an enterprise like Canadian-based Empire Company (EMP.A) can assist in either.
The company's history dates back to 1963 but its related subsidiaries have now been serving customers for over a century.
Empire operates in two separate businesses: food retailing and investments / other operations. On the retail side Empire runs over 1,800 groceries and fueling stations like Sobey's, Safeway, Thrifty Foods, Foodland and Lawtons. On the investment side, Empire has a 41.5% stake in Crombie REIT (CRR.UN) and a 40% interest in Genstar.
Here's how the company lays out its operations:
U.S. based investors may not be familiar with the name, but Empire represents the second largest food retailer in Canada - spanning coast-to-coast in ten provinces with pharmacy, wholesale and fuel offerings to boot.
The company ranks fairly well using The 8 Rules of Dividend Investing. Keep reading this article to learn more about the investment prospects of Empire Company stock.