Evertz Technologies Limited Declares Quarterly Dividend of $0.18 (ET)
Evertz Technologies Limited (TSE:ET) announced a quarterly dividend on Wednesday, September 13th, Zacks reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.18 per share on Friday, September 29th. This represents a $0.72 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, September 21st.
Shares of Evertz Technologies Limited (TSE:ET) opened at 18.25 on Thursday. The firm’s 50-day moving average is $18.03 and its 200 day moving average is $17.25. Evertz Technologies Limited has a 52 week low of $15.72 and a 52 week high of $18.73. The firm has a market cap of $1.38 billion and a PE ratio of 19.84.
Several analysts have weighed in on ET shares. Royal Bank Of Canada upped their target price on Evertz Technologies Limited from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, June 14th. Raymond James Financial, Inc. upped their target price on Evertz Technologies Limited from C$18.00 to C$19.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, Canaccord Genuity upped their target price on Evertz Technologies Limited from C$19.50 to C$20.25 in a report on Wednesday.
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In related news, Director Rakesh Thakor Patel sold 126,500 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of C$18.00, for a total transaction of C$2,277,000.00. Also, insider Anthony Ronald Gridley sold 4,600 shares of the stock in a transaction on Thursday, June 29th. The shares were sold at an average price of C$17.85, for a total value of C$82,110.00. In the last ninety days, insiders have sold 232,678 shares of company stock worth $4,167,725.
About Evertz Technologies Limited
Evertz Technologies Limited is an equipment provider to the television broadcast telecommunications and media industries. The Company designs, manufactures and markets video and audio infrastructure equipment for the production, post-production and transmission of television content. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their multi-channel digital and high definition television (HDTV) and high bandwidth low latency Internet Protocol (IP) network environments, and by telecommunications and new-media companies.
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