Glentel Plans Quarterly Dividend of $0.13 (GLN)
Glentel (TSE:GLN) announced a quarterly dividend on Tuesday, October 1st, American Banking News reports. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.125 per share on Thursday, October 24th. This represents a $0.50 annualized dividend and a dividend yield of 3.35%.
A number of research firms have recently commented on GLN. Analysts at Scotiabank cut their price target on shares of Glentel (TSE:GLN) from C$19.00 to C$17.00 in a research note to investors on Tuesday, September 3rd. They now have a “sector outperform” rating on the stock. On the ratings front, analysts at Paradigm Capital cut their price target on shares of Glentel (TSE:GLN) from C$25.00 to C$19.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock.
Glentel (TSE:GLN) traded up 0.54% during mid-day trading on Tuesday, hitting $15.00. The stock had a trading volume of 21,692 shares. Glentel has a one year low of $12.26 and a one year high of $20.05. The stock has a 50-day moving average of $14.21 and a 200-day moving average of $17.19. The company has a market cap of $333.7 million and a P/E ratio of 11.84.
GLENTEL Inc is a Canada-based company. The Company operates in three segments: Retail Canada Division, Retail US Division and Business Division.
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