Morneau Shepell Inc Announces Monthly Dividend of $0.07 (MSI)

Morneau Shepell Inc (TSE:MSI) declared a monthly dividend on Tuesday, January 30th, TickerTech reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.065 per share on Thursday, February 15th. This represents a $0.78 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Tuesday, January 30th.

Morneau Shepell (TSE:MSI) traded up C$0.02 during trading hours on Thursday, hitting C$22.40. The stock had a trading volume of 22,081 shares, compared to its average volume of 47,933. The company has a market capitalization of $1,210.00, a price-to-earnings ratio of 35.00 and a beta of 0.68. Morneau Shepell has a 52 week low of C$18.40 and a 52 week high of C$22.74.

Morneau Shepell (TSE:MSI) last posted its earnings results on Tuesday, November 7th. The company reported C$0.17 EPS for the quarter. Morneau Shepell had a return on equity of 10.59% and a net margin of 6.28%.

In other Morneau Shepell news, insider Sr. William Frank Morneau sold 50,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of C$22.25, for a total transaction of C$1,112,500.00. Over the last ninety days, insiders have sold 52,095 shares of company stock valued at $1,159,305.

A number of equities analysts recently issued reports on the company. Laurentian set a C$25.00 price objective on Morneau Shepell and gave the stock a “buy” rating in a report on Tuesday, December 12th. National Bank Financial increased their price objective on Morneau Shepell from C$22.50 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, November 27th. TD Securities increased their price objective on Morneau Shepell from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Laurentian Bank of Canada reissued a “buy” rating and issued a C$25.00 price objective on shares of Morneau Shepell in a report on Tuesday, December 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Morneau Shepell has a consensus rating of “Buy” and an average price target of C$23.60.

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About Morneau Shepell

Morneau Shepell Inc is a Canada-based company, which provides health and productivity, administrative and retirement solutions to assist employers in managing the financial security, health and productivity of their employees. The Company offers its services to organizations that are situated in Canada, the United States and internationally.

Dividend History for Morneau Shepell (TSE:MSI)

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