Urbana Corp (TSE:URB) Declares Dividend Increase – $0.08 Per Share

Urbana Corp (TSE:URB) announced an annual dividend on Monday, January 6th, Zacks reports. Shareholders of record on Friday, January 17th will be paid a dividend of 0.08 per share on Friday, January 31st. This represents a yield of 2.76%. The ex-dividend date of this dividend is Thursday, January 16th. This is a boost from Urbana’s previous annual dividend of $0.07.

Shares of URB stock opened at C$2.83 on Tuesday. Urbana has a 52-week low of C$2.22 and a 52-week high of C$2.95. The company has a debt-to-equity ratio of 6.81, a quick ratio of 0.03 and a current ratio of 0.03. The company has a 50-day simple moving average of C$2.84 and a two-hundred day simple moving average of C$2.56. The company has a market capitalization of $146.57 million and a price-to-earnings ratio of 6.54.

Urbana (TSE:URB) last issued its quarterly earnings data on Wednesday, November 13th. The company reported C$0.31 earnings per share (EPS) for the quarter. The firm had revenue of C$19.26 million during the quarter.

Urbana Company Profile

Urbana Corporation is an investment fund launched and managed by Caldwell Investment Management Ltd. For its equity investment the fund primarily invests in public equity markets of United States and Canada. The fund primarily focuses on U.S. financial companies and Canadian resource companies for equity investments.

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