Black Diamond Group (TSE:BDI) Reaches New 12-Month High - Here's What Happened

Key Points

• Black Diamond Group's stock reached a new 52-week high of C$12.40, closing at C$12.32 with a trading volume of 57,966 shares.
• The company announced a quarterly dividend of $0.035 per share, yielding 1.1%, with a payout ratio of 26.47%.
• Black Diamond Group specializes in renting and selling modular workforce accommodations and offers services specifically for the oil and gas industries in Canada and the U.S.

Black Diamond Group Limited (TSE:BDI - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as C$12.40 and last traded at C$12.32, with a volume of 57966 shares. The stock had previously closed at C$12.08.

Black Diamond Group Stock Down 0.2%

The firm has a market cap of C$818.33 million, a PE ratio of 24.35 and a beta of 0.75. The business's 50 day moving average price is C$11.69 and its 200 day moving average price is C$9.91. The company has a debt-to-equity ratio of 88.46, a current ratio of 1.17 and a quick ratio of 1.05.

Black Diamond Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.1%. Black Diamond Group's dividend payout ratio is currently 26.47%.

About Black Diamond Group

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals.