Badger Infrastructure Solutions Ltd. (TSE:BDGI) Raises Dividend to $0.19 Per Share

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) declared a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.1875 per share on Tuesday, July 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, June 30th. This is a 4.2% increase from Badger Infrastructure Solutions's previous quarterly dividend of $0.18.

Badger Infrastructure Solutions Stock Performance

Shares of BDGI traded down C$0.33 during mid-day trading on Friday, reaching C$47.47. 192,465 shares of the company's stock were exchanged, compared to its average volume of 91,187. The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The stock has a market capitalization of C$1.13 billion, a PE ratio of 27.48 and a beta of 1.14. The business's fifty day simple moving average is C$43.56 and its 200-day simple moving average is C$40.08. Badger Infrastructure Solutions has a 52-week low of C$33.62 and a 52-week high of C$48.55.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BDGI. Raymond James Financial raised their target price on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. CIBC raised their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus lowered their target price on shares of Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$49.30.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.

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