Newalta Announces Quarterly Dividend of $0.11 (NAL)
Newalta (TSE:NAL) announced a quarterly dividend on Monday, September 16th, AnalystRatings.Net reports. Shareholders of record on Monday, September 30th will be paid a dividend of $0.11 per share on Tuesday, October 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, September 27th.
NAL has been the subject of a number of recent research reports. Analysts at Wunderlich raised their price target on shares of Newalta (TSE:NAL) from C$16.00 to C$20.00 in a research note to investors on Monday, August 12th. On a related note, analysts at Canaccord Genuity raised their price target on shares of Newalta (TSE:NAL) from C$17.50 to C$18.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Newalta (TSE:NAL) from C$17.00 to C$18.00 in a research note to investors on Friday, August 9th. They now have an “outperform” rating on the stock.
Four research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$18.07.
Newalta (TSE:NAL) traded down 0.33% during mid-day trading on Monday, hitting $15.25. 38,281 shares of the company’s stock traded hands. Newalta has a 1-year low of $12.41 and a 1-year high of $16.39. The stock’s 50-day moving average is $15.26 and its 200-day moving average is $14.41. The company has a market cap of $840.1 million and a price-to-earnings ratio of 20.96.
Newalta Corporation (TSE:NAL) is a Canada-based company.
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