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Shares of Franks International NV (NYSE:FI) saw unusually-high trading volume on Monday after the company announced a dividend, American Banking News reports. Approximately 745,217 shares changed hands during trading, an increase of 72% from the previous session’s volume of 433,366 shares.The stock last traded at $20.59 and had previously closed at $20.59.

The newly announced dividend is scheduled for Friday, September 19th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, August 27th.

FI has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Franks International NV in a research note on Monday. They now have a $22.00 price target on the stock, down previously from $25.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Franks International NV in a research note on Monday. They now have a $24.00 price target on the stock, down previously from $28.00. Finally, analysts at Global Hunter Securities downgraded shares of Franks International NV from a “buy” rating to an “accumulate” rating in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $29.00. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Franks International NV currently has a consensus rating of “Hold” and an average price target of $28.25.

The stock’s 50-day moving average is $23.30 and its 200-day moving average is $23.86. The company has a market cap of $3.150 billion and a price-to-earnings ratio of 17.80.

Franks International NV (NYSE:FI) last released its earnings data on Thursday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.08. The company had revenue of $272.90 million for the quarter, compared to the consensus estimate of $277.99 million. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Analysts expect that Franks International NV will post $1.28 EPS for the current fiscal year.

Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.

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