ZCL Composites Inc. (ZCL) Declares $0.12 Quarterly Dividend

ZCL Composites Inc. (TSE:ZCL) announced a quarterly dividend on Friday, November 3rd, Zacks reports. Investors of record on Sunday, December 31st will be given a dividend of 0.12 per share on Monday, January 15th. This represents a $0.48 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Thursday, December 28th.

ZCL Composites (TSE:ZCL) traded down C$0.05 during trading hours on Friday, hitting C$11.02. The company had a trading volume of 38,900 shares, compared to its average volume of 75,791. ZCL Composites has a 12-month low of C$10.13 and a 12-month high of C$15.47. The firm has a market capitalization of $344.90, a PE ratio of 19.00 and a beta of 0.70.

Separately, Raymond James Financial cut their price target on ZCL Composites from C$16.00 to C$13.50 and set an “outperform” rating for the company in a report on Monday, November 6th.

In other news, Director Ronald Marvin Bachmeier purchased 5,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of C$10.70 per share, for a total transaction of C$53,500.00. Also, Director David Bruce Mcewen Bentley purchased 12,000 shares of the stock in a transaction dated Tuesday, September 26th. The shares were purchased at an average price of C$7.09 per share, with a total value of C$85,080.00. In the last ninety days, insiders purchased 21,800 shares of company stock valued at $177,225.

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About ZCL Composites

ZCL Composites Inc (ZCL) is a Canada-based manufacturer and supplier of fiberglass reinforced plastic (FRP) underground storage tanks. The Company also provides custom-engineered aboveground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories, where corrosion resistance is a high priority.

Dividend History for ZCL Composites (TSE:ZCL)

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