Dye & Durham Limited (TSE:DND) to Issue $0.02 Quarterly Dividend

Dye & Durham Limited (TSE:DND) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.019 per share on Thursday, November 21st. This represents a $0.08 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, November 14th.

Dye & Durham Price Performance

The firm has a market capitalization of C$1.16 billion, a P/E ratio of -6.19 and a beta of 2.09. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. Dye & Durham has a 52-week low of C$9.45 and a 52-week high of C$20.01. The business has a fifty day moving average price of C$16.19 and a 200 day moving average price of C$14.24.

Dye & Durham (TSE:DND) last released its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The firm had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. Equities analysts expect that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. CIBC upped their target price on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Cormark dropped their price target on Dye & Durham from C$23.00 to C$17.50 in a report on Monday, July 22nd. Finally, BMO Capital Markets upped their price target on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham has a consensus rating of “Buy” and an average price target of C$22.08.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.