Veresen Inc Announces Monthly Dividend of $0.08 (VSN)
Veresen Inc (TSE:VSN) announced a monthly dividend on Friday, September 15th, Zacks reports. Investors of record on Monday, September 25th will be given a dividend of 0.083 per share on Monday, October 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Friday, September 22nd.
Separately, 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 report on Wednesday, July 5th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$17.59.
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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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