Morneau Shepell Inc (MSI) Announces Monthly Dividend of $0.07
Morneau Shepell Inc (TSE:MSI) announced a monthly dividend on Thursday, July 20th, Zacks reports. Stockholders of record on Monday, July 31st will be paid a dividend of 0.065 per share on Tuesday, August 15th. This represents a $0.78 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Thursday, July 27th.
Shares of Morneau Shepell (TSE MSI) traded up 0.05% during mid-day trading on Friday, hitting $20.69. 1,795 shares of the stock traded hands. The company has a market cap of $1.10 billion and a P/E ratio of 41.30. Morneau Shepell has a 12 month low of $17.78 and a 12 month high of $21.81. The firm has a 50 day moving average of $20.95 and a 200 day moving average of $20.00.
Separately, TD Securities raised their price target on shares of Morneau Shepell from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Monday, May 8th.
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About Morneau Shepell
Morneau Shepell Inc is a Canada-based company, which provides health and productivity, administrative and retirement solutions to assist employers in managing the financial security, health and productivity of their employees. The Company offers its services to organizations that are situated in Canada, the United States and internationally.
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