Newalta (NAL) Announces Sep 13 Dividend of $0.11
Newalta (TSE:NAL) declared a sep 13 dividend on Monday, September 16th, American Banking & Market News reports. Shareholders of record on Monday, September 30th will be given a dividend of $0.11 per share on Tuesday, October 15th. The ex-dividend date of this dividend is Friday, September 27th.
A number of analysts have recently weighed in on NAL shares. 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 the ratings front, 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 equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$18.07.
Shares of Newalta (TSE:NAL) traded down 0.33% during mid-day trading on Monday, hitting $15.25. The stock had a trading volume of 38,281 shares. Newalta has a 52 week low of $12.41 and a 52 week high of $16.39. The stock has a 50-day moving average of $15.23 and a 200-day moving average of $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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