Horizon North Logistics Declares Quarterly Dividend of $0.06 (HNL)
Horizon North Logistics (TSE:HNL) declared a quarterly dividend on Tuesday, October 29th, AR Network reports. Investors of record on Tuesday, December 31st will be given a dividend of $0.0625 per share on Friday, January 10th. This represents a $0.25 dividend on an annualized basis and a yield of 3.23%.
A number of research firms have recently commented on HNL. Analysts at Scotiabank raised their price target on shares of Horizon North Logistics from C$8.50 to C$9.25 in a research note to investors on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$8.29.
Horizon North Logistics (TSE:HNL) traded down 0.64% during mid-day trading on Tuesday, hitting $7.74. 53,321 shares of the company’s stock traded hands. Horizon North Logistics has a 52 week low of $5.09 and a 52 week high of $7.95. The stock has a 50-day moving average of $6.92 and a 200-day moving average of $6.35. The company has a market cap of $846.8 million and a price-to-earnings ratio of 14.70.
Horizon North Logistics Inc provides camp and catering services, ground matting services, and marine transportation services to oil and gas exploration and production companies, oilfield service companies and mining companies working on oil sands, mineral exploration and development, and conventional oil and gas projects primarily in western Canada.
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