Imvescor Restaurant Group Inc (TSE:IRG) announced a quarterly dividend on Thursday, September 7th, Zacks reports. Stockholders of record on Wednesday, September 20th will be paid a dividend of 0.023 per share on Wednesday, October 4th. This represents a $0.09 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, September 19th. This is a positive change from Imvescor Restaurant Group’s previous quarterly dividend of $0.02.

Shares of Imvescor Restaurant Group (IRG) opened at 3.87 on Friday. The stock has a 50 day moving average of $3.47 and a 200 day moving average of $3.57. Imvescor Restaurant Group has a one year low of $3.04 and a one year high of $4.15. The stock has a market cap of $234.45 million and a P/E ratio of 19.06.

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Separately, Acumen Capital restated a “buy” rating and set a C$4.20 price target on shares of Imvescor Restaurant Group in a research report on Tuesday, June 13th.

About Imvescor Restaurant Group

Imvescor Restaurant Group Inc is a Canada-based franchise and licensing company. Its operating segments are Franchising, Manufacturing and Corporate. The Franchising segment comprises franchising royalties, supplier contributions and franchise fees from the Company’s franchised restaurant brands, as well as retail royalties from the sales of branded products to retailers.

Dividend History for Imvescor Restaurant Group (TSE:IRG)

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