Dexterra Group Inc. Announces Quarterly Dividend of $0.09

Dexterra Group Inc. (TSE:DXT) has announced its quarterly dividend, revealing that investors will receive a payment of $0.0875 per share this April 15th. This declaration was made on March 31st, with the ex-dividend date also set for March 31st. For shareholders, this quarterly dividend translates to an annual dividend of $0.35, providing a yield of 4.35%. Notably, this represents a slight increase of 0.6% over Dexterra Group's previous quarterly dividend of $0.09.

Dexterra Group Share Performance

On a related note, the stock price of Dexterra Group saw an uptick of 0.9% during midday trading on a recent Friday, reaching C$8.05. In total, 36,388 shares were exchanged, which is below the average trading volume of 39,078 shares. The company boasts a market capitalization of C$512.30 million, and currently has a price-to-earnings ratio of 40.98. Furthermore, the stock has a P/E/G ratio of 0.90 and a beta of 1.02. Dexterra Group maintains a debt-to-equity ratio of 42.46, with a current ratio of 1.46 and a quick ratio of 1.28. Over the past year, the stock has reached a low of C$5.13 and a high of C$8.34, and has a 50-day simple moving average of C$7.85 along with a 200-day simple moving average of C$7.30.

Insider Transactions

In other noteworthy news, Director Mary Garden purchased 3,700 shares of Dexterra Group on January 7th, acquiring them at an average price of C$7.83 per share, resulting in a total expenditure of C$28,971. This insider transaction shows that insiders hold a significant portion of the stock, approximately 51.55%.

Analyst Ratings and Price Targets

Many equity research analysts have recently provided updates on Dexterra Group's performance. For instance, on January 30th, Raymond James increased their target price for the stock from C$8.50 to C$11.00, while also assigning an "outperform" rating. Similarly, National Bankshares has also raised their target price from C$11.00 to C$11.50, indicating positive sentiment regarding the company's performance.

About Dexterra Group

Dexterra Group Inc. is involved in providing support services related to the development, management, and operation of infrastructure across Canada. The company operates in three main segments: Integrated Facilities Management (IFM), Modular Solutions, and Workforce Accommodations, Forestry, and Energy Services (WAFES). The IFM division specifically focuses on delivering operational and maintenance solutions for buildings and infrastructure in various sectors, including aviation, defense, education, rail, healthcare, and leisure.

Dividend, Investment, Stocks