Exco Technologies Limited (XTC) Raises Dividend to $0.08 Per Share
Exco Technologies Limited (TSE:XTC) announced a quarterly dividend on Friday, August 4th, Zacks reports. Investors of record on Friday, September 15th will be paid a dividend of 0.08 per share on Friday, September 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, September 14th. This is a boost from Exco Technologies Limited’s previous quarterly dividend of $0.06.
Shares of Exco Technologies Limited (TSE XTC) traded down 0.42% during mid-day trading on Friday, hitting $9.50. 24,260 shares of the company were exchanged. The company has a market capitalization of $405.18 million and a P/E ratio of 8.96. The company has a 50 day moving average of $10.29 and a 200 day moving average of $11.09. Exco Technologies Limited has a 52 week low of $9.24 and a 52 week high of $12.79.
Separately, Scotiabank downgraded shares of Exco Technologies Limited from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$15.00 to C$12.50 in a report on Tuesday, August 8th.
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In other Exco Technologies Limited news, insider Paul Robbins sold 9,800 shares of Exco Technologies Limited stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of C$10.92, for a total transaction of C$107,016.00.
About Exco Technologies Limited
Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates in two segments, Casting and Extrusion; and Automotive Solutions. The Casting and Extrusion segment designs, develops, manufactures, and sells die-castings and extrusion tooling products, and consumable parts for aluminum die-casting and aluminum extrusion machines.
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