MFC Industrial Ltd. Plans Quarterly Dividend of $0.06 (MIL)
MFC Industrial (NYSE:MIL) announced a quarterly dividend on Friday, October 4th, Stock Ratings Network reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.06 per share on Monday, October 28th. This represents a $0.24 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, October 10th.
On the ratings front, analysts at Thomson Reuters/Verus downgraded shares of MFC Industrial (NYSE:MIL) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 2nd.
MFC Industrial (NYSE:MIL) traded up 0.61% during mid-day trading on Friday, hitting $8.22. The stock had a trading volume of 99,653 shares. MFC Industrial has a one year low of $7.88 and a one year high of $10.39. The stock has a 50-day moving average of $8.29 and a 200-day moving average of $8.42. The company has a market cap of $514.2 million and a price-to-earnings ratio of 2.44.
MFC Industrial (NYSE:MIL) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.10 earnings per share for the quarter.
MFC Industrial Ltd., formerly Terra Nova Royalty Corp., is a global commodity supply chain company that sources and delivers commodities and materials to clients all over the world.
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