Evertz Technologies Limited (TSE:ET) Plans $0.09 Quarterly Dividend

Evertz Technologies Limited (TSE:ET) declared a quarterly dividend on Thursday, September 17th, TickerTech reports. Investors of record on Friday, September 25th will be given a dividend of 0.09 per share on Friday, September 25th. This represents a $0.36 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 17th.

TSE:ET opened at C$12.36 on Tuesday. The company has a current ratio of 2.73, a quick ratio of 1.38 and a debt-to-equity ratio of 9.88. The firm has a market capitalization of $944.91 million and a price-to-earnings ratio of 15.33. The firm’s fifty day simple moving average is C$12.32 and its 200 day simple moving average is C$13.49. Evertz Technologies has a twelve month low of C$9.69 and a twelve month high of C$18.65.

Evertz Technologies (TSE:ET) last posted its earnings results on Tuesday, June 30th. The company reported C$0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.08. The business had revenue of C$92.17 million for the quarter, compared to analyst estimates of C$94.57 million. On average, analysts predict that Evertz Technologies will post 0.88 earnings per share for the current year.

ET has been the topic of several analyst reports. Royal Bank of Canada dropped their price target on shares of Evertz Technologies from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 2nd. Canaccord Genuity dropped their price target on shares of Evertz Technologies from C$15.00 to C$13.50 in a research note on Thursday, September 10th. Finally, Raymond James set a C$15.00 price target on shares of Evertz Technologies and gave the stock an “outperform” rating in a research note on Thursday, September 10th.

About Evertz Technologies

Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, master control switchers, accessories, and network management systems, as well as keyers, and media and logo inserters.

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Dividend History for Evertz Technologies (TSE:ET)

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