Shawcor Ltd Plans Quarterly Dividend of $0.15 (SCL)

Shawcor Ltd (TSE:SCL) declared a quarterly dividend on Tuesday, November 6th, Zacks reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.15 per share on Friday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 15th.

Shares of Shawcor stock opened at C$21.74 on Friday. The company has a debt-to-equity ratio of 25.55, a quick ratio of 1.71 and a current ratio of 2.22. Shawcor has a 12 month low of C$21.12 and a 12 month high of C$29.50.

Shawcor (TSE:SCL) last posted its earnings results on Thursday, August 9th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.08. The company had revenue of C$357.89 million during the quarter, compared to analysts’ expectations of C$336.20 million. As a group, equities analysts forecast that Shawcor will post 0.809999975500233 earnings per share for the current year.

SCL has been the topic of several analyst reports. Industrial Alliance Securities cut their target price on Shawcor from C$34.00 to C$33.00 in a research note on Thursday, September 27th. TD Securities lowered Shawcor from a “buy” rating to a “hold” rating and cut their target price for the company from C$33.00 to C$31.00 in a research note on Wednesday, September 5th.

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About Shawcor

Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry worldwide. It operates in two segments, Pipeline and Pipe Services, and Petrochemical and Industrial. The company offers pipe coating, insulation coating, and weight coating systems, as well as custom coating and field joint application services for onshore and offshore pipelines; ultrasonic and radiographic pipeline girth weld inspection services for pipeline operators and construction contractors; manufactures and sells heat shrinkable sleeves, adhesives, and liquid coatings for pipeline joint protection applications; and designs and assembles engineered pipe logistics products and services.

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Dividend History for Shawcor (TSE:SCL)

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