Dexterra Group Inc. (TSE:DXT) Announces Quarterly Dividend of $0.09

Dexterra Group Inc. (TSE:DXT) has announced a quarterly dividend on March 31st. For stockholders recorded on April 15th, a dividend of $0.0875 per share will be distributed. This figure translates to an annualized dividend of $0.35, resulting in a yield of 4.35%. Furthermore, March 31st will also serve as the ex-dividend date. Notably, this marks a 0.6% increase compared to the previous quarterly dividend of $0.09.

Stock Performance

On Friday, during mid-day trading, TSE DXT saw an increase of 0.9%, climbing by C$0.07 to reach C$8.05. The trading volume was 36,388 shares, which is slightly below the average volume of 39,078. The stock is valued at a market capitalization of C$512.30 million. Additionally, it carries a price-to-earnings (P/E) ratio of 40.98 and a P/E/G ratio of 0.90, with a beta of 1.02. Financially, Dexterra Group exhibits a debt-to-equity ratio of 42.46, a current ratio of 1.46, and a quick ratio of 1.28. Over the past year, the stock has fluctuated between a low of C$5.13 and a high of C$8.34, with a 50-day simple moving average of C$7.85 and a 200-day simple moving average of C$7.30.

Insider Trading Activity

In recent insider activity, Director Mary Garden purchased 3,700 shares of the company on January 7th at an average price of C$7.83 per share, amounting to a total of C$28,971. Currently, insiders own 51.55% of the company's stock.

Analyst Insights

Several equity research analysts have updated their opinions about Dexterra Group. Raymond James has raised their target price from C$8.50 to C$11.00, assigning an "outperform" rating on January 30th. Meanwhile, National Bankshares has also increased their target price for Dexterra Group from C$11.00 to C$11.50 in a report issued on February 26th, maintaining an "outperform" rating.

Company Overview

Dexterra Group Inc. provides services related to the management, creation, and operation of infrastructure within Canada. The company operates through three main segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry, and Energy Services (WAFES). The IFM segment focuses on delivering operational and maintenance solutions across various sectors, including aviation, healthcare, education, and leisure.

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