Finning International Inc. (FTT) to Issue $0.19 Quarterly Dividend
Finning International Inc. (TSE:FTT) declared a quarterly dividend on Tuesday, November 7th, Zacks reports. Investors of record on Thursday, November 23rd will be given a dividend of 0.19 per share on Thursday, December 7th. This represents a $0.76 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, November 21st.
Finning International (FTT) traded down C$0.15 during trading hours on Thursday, reaching C$30.92. The company’s stock had a trading volume of 407,667 shares, compared to its average volume of 386,992. Finning International has a 1-year low of C$23.76 and a 1-year high of C$32.93.
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In other Finning International news, insider Kevin Parkes sold 2,074 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of C$31.62, for a total value of C$65,579.88. Also, insider David William Cummings bought 9,500 shares of the stock in a transaction on Friday, September 29th. The stock was purchased at an average price of C$28.50 per share, with a total value of C$270,750.00.
Several research firms have recently weighed in on FTT. TD Securities raised Finning International from a “hold” rating to a “buy” rating and set a C$29.00 target price on the stock in a research report on Thursday, August 3rd. CIBC boosted their target price on Finning International from C$28.00 to C$29.00 in a research report on Thursday, August 10th. Scotiabank boosted their target price on Finning International from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Canaccord Genuity boosted their target price on Finning International from C$33.00 to C$36.00 in a research report on Wednesday, October 18th. Finally, National Bank Financial boosted their target price on Finning International from C$33.00 to C$37.50 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$34.72.
About Finning International
Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.
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