Westshore Terminals Investment Corp (WTE) to Issue $0.16 Quarterly Dividend
Westshore Terminals Investment Corp (TSE:WTE) declared a quarterly dividend on Wednesday, September 20th, Zacks reports. Stockholders of record on Saturday, September 30th will be given a dividend of 0.16 per share on Sunday, October 15th. This represents a $0.64 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Thursday, September 28th.
Westshore Terminals Investment Corp (TSE:WTE) opened at 24.09 on Thursday. The stock has a 50 day moving average of $24.37 and a 200 day moving average of $23.57. The firm has a market capitalization of $1.74 billion and a price-to-earnings ratio of 16.79. Westshore Terminals Investment Corp has a 12-month low of $19.07 and a 12-month high of $29.05.
In other news, Director Glenn Dalziel Dudar bought 1,400 shares of the stock in a transaction dated Friday, September 8th. The shares were acquired at an average price of C$24.74 per share, with a total value of C$34,636.00. Also, Director H. Clark Hollands bought 2,000 shares of the stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of C$21.32 per share, for a total transaction of C$42,640.00. In the last ninety days, insiders bought 96,900 shares of company stock worth $2,393,576.
A number of brokerages have recently issued reports on WTE. Scotiabank upgraded shares of Westshore Terminals Investment Corp from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$25.00 to C$27.00 in a research note on Tuesday, August 8th. TD Securities increased their price objective on shares of Westshore Terminals Investment Corp from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. BMO Capital Markets restated a “market perform” rating and issued a C$24.00 price objective on shares of Westshore Terminals Investment Corp in a research note on Tuesday, May 30th. Finally, Royal Bank Of Canada upgraded shares of Westshore Terminals Investment Corp from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$24.00 to C$30.00 in a research note on Tuesday, July 25th.
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About Westshore Terminals Investment Corp
Westshore Terminals Investment Corporation, through its limited partner interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from five mines in British Columbia and one mine in Alberta, as well as from three mines in the north-western United States.
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