Evertz Technologies Limited (TSE:ET) Declares Quarterly Dividend of $0.20

Evertz Technologies Limited (TSE:ET) declared a quarterly dividend on Thursday, December 19th,TickerTech Dividends reports. Stockholders of record on Tuesday, December 24th will be paid a dividend of 0.20 per share on Tuesday, December 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend is Thursday, December 19th. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.20.

Evertz Technologies Price Performance

Shares of ET stock opened at C$12.19 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 2.00 and a debt-to-equity ratio of 8.42. Evertz Technologies has a 12 month low of C$11.39 and a 12 month high of C$15.45. The firm has a market cap of C$927.78 million, a price-to-earnings ratio of 14.51, a PEG ratio of 0.79 and a beta of 0.86. The stock has a 50-day moving average price of C$12.18 and a 200 day moving average price of C$12.72.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets lowered their target price on shares of Evertz Technologies from C$17.00 to C$15.00 in a report on Thursday, September 12th. Canaccord Genuity Group lifted their price target on shares of Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, December 11th.

About Evertz Technologies

Evertz Technologies Limited engages in the design, manufacture, and distribution of 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 and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.