Wajax Co. Announces Quarterly Dividend of $0.35 (TSE:WJX)

Wajax Co. (TSE:WJX) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Monday, December 16th will be paid a dividend of 0.35 per share on Tuesday, January 7th. This represents a $1.40 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Monday, December 16th.

Wajax Stock Performance

The stock has a 50-day moving average price of C$23.58 and a 200-day moving average price of C$24.81. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.71 and a current ratio of 1.91. Wajax has a fifty-two week low of C$20.44 and a fifty-two week high of C$34.96. The stock has a market capitalization of C$492.18 million, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WJX shares. BMO Capital Markets lowered their target price on shares of Wajax from C$28.00 to C$24.00 in a research note on Wednesday, November 6th. National Bank Financial upgraded Wajax to a “hold” rating in a research report on Thursday, September 26th. National Bankshares set a C$26.00 target price on shares of Wajax and gave the company a “sector perform” rating in a research note on Friday, September 27th. TD Securities cut their price target on shares of Wajax from C$30.00 to C$24.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Scotiabank lowered their price objective on shares of Wajax from C$29.00 to C$24.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$24.50.

About Wajax

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.