Tricon Capital Group Inc (TCN) Plans $0.07 Quarterly Dividend

Tricon Capital Group Inc (TSE:TCN) declared a quarterly dividend on Wednesday, November 8th, Zacks reports. Stockholders of record on Sunday, December 31st will be paid a dividend of 0.065 per share on Monday, January 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 28th.

Shares of Tricon Capital Group (TSE TCN) traded down C$0.11 on Friday, hitting C$11.38. The stock had a trading volume of 119,600 shares, compared to its average volume of 245,254. The firm has a market cap of $1,530.00, a P/E ratio of 34.48 and a beta of 0.88. Tricon Capital Group has a one year low of C$9.28 and a one year high of C$12.05.

A number of brokerages have recently weighed in on TCN. TD Securities upped their target price on Tricon Capital Group from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Friday, November 10th. Raymond James Financial dropped their target price on Tricon Capital Group from C$14.00 to C$13.75 and set a “strong-buy” rating on the stock in a report on Friday, November 10th. Royal Bank of Canada upped their target price on Tricon Capital Group from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Canaccord Genuity upped their target price on Tricon Capital Group from C$13.25 to C$13.50 in a report on Monday, November 13th. Finally, CIBC upped their target price on Tricon Capital Group from C$13.00 to C$13.25 in a report on Monday, November 13th.

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Tricon Capital Group Company Profile

Tricon Capital Group Inc is a Canada-based company, which is a principal investor and asset manager focused on the residential real estate industry in North America. The Company operates through five segments: Private Funds and Advisory (PF&A), Principal Investing in Tricon Housing Partners (THP), Tricon American Homes (TAH), Tricon Lifestyle Communities (TLC) and Tricon Luxury Residences (TLR).

Dividend History for Tricon Capital Group (TSE:TCN)

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