TFI International Inc. to Issue Quarterly Dividend of $0.40 (TSE:TFII)

TFI International Inc. (TSE:TFII) declared a quarterly dividend on Friday, June 28th, TickerTech reports. Investors of record on Monday, July 15th will be paid a dividend of 0.40 per share on Monday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, June 28th.

TFI International Price Performance

TSE:TFII traded up C$1.92 during mid-day trading on Thursday, reaching C$193.45. The stock had a trading volume of 136,719 shares, compared to its average volume of 201,138. The stock has a 50-day simple moving average of C$187.12 and a two-hundred day simple moving average of C$190.11. The stock has a market capitalization of C$16.36 billion, a PE ratio of 25.16, a P/E/G ratio of 1.01 and a beta of 1.44. The company has a debt-to-equity ratio of 113.80, a current ratio of 1.66 and a quick ratio of 1.18. TFI International has a 12 month low of C$142.92 and a 12 month high of C$220.93.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TFII shares. Royal Bank of Canada lifted their target price on shares of TFI International from C$155.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Desjardins lowered their target price on shares of TFI International from C$208.00 to C$207.00 and set a “buy” rating for the company in a research note on Monday, June 17th. Scotiabank decreased their price target on shares of TFI International from C$235.00 to C$230.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. CIBC decreased their price target on shares of TFI International from C$175.00 to C$172.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, National Bankshares raised shares of TFI International from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from C$222.00 to C$217.00 in a research note on Monday, April 29th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$184.88.

Insider Transactions at TFI International

In other news, Director Steven Brookshaw sold 6,577 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$187.89, for a total transaction of C$1,235,739.38. In other news, Director John Pratt purchased 819 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of C$137.46 per share, for a total transaction of C$112,580.56. Also, Director Steven Brookshaw sold 6,577 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$187.89, for a total transaction of C$1,235,739.38. 5.91% of the stock is currently owned by insiders.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.