Veresen Inc (TSE:VSN) Announces Monthly Dividend of $0.08
Veresen Inc (TSE:VSN) announced a monthly dividend on Friday, July 14th, Zacks reports. Stockholders of record on Tuesday, July 25th will be paid a dividend of 0.083 per share on Wednesday, August 23rd. This represents a $1.00 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Friday, July 21st.
Shares of Veresen (TSE VSN) opened at 18.45 on Thursday. The stock has a market capitalization of $5.79 billion and a PE ratio of 288.28. The stock’s 50 day moving average is $18.37 and its 200 day moving average is $15.81. Veresen has a 12 month low of $10.51 and a 12 month high of $18.76.
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Several research firms have recently weighed in on VSN. TD Securities raised their price target on shares of Veresen from C$11.00 to C$18.50 and gave the stock a “tender” rating in a research note on Wednesday, July 5th. BMO Capital Markets lifted their target price on shares of Veresen from C$14.00 to C$18.65 and gave the stock a “market perform” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada downgraded shares of Veresen from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$16.00 to C$18.65 in a research note on Wednesday, May 3rd. National Bank Financial downgraded shares of Veresen from an “outperform” rating to a “tender” rating and lifted their target price for the stock from C$18.00 to C$20.50 in a research note on Tuesday, May 2nd. Finally, Raymond James Financial, Inc. lifted their target price on shares of Veresen from C$16.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$16.75.
Veresen Company Profile
Veresen Inc is a Canada-based energy infrastructure company that owns and operates energy infrastructure assets across North America. The Company is engaged in three principal businesses: a pipeline transportation business consists of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System (AEGS); a midstream business, which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in western Canada, and an ownership interest in Aux Sable, which owns a natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure, and a power business consists of a portfolio of assets in Canada.
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