Olympia Financial Group Inc. (TSE:OLY) Shareholders to Collect $0.50 Monthly Dividend

Key Points

• Olympia Financial Group declared a monthly dividend of C$0.50 per share, equivalent to C$6.00 annually and a 5.5% yield. The ex-dividend date was October 21, with shareholders of record on October 30 eligible for payment.
• The company reported quarterly EPS of C$1.53 on revenue of C$21.43 million, with a 17.31% net margin and 35.11% return on equity. Analysts expect full-year EPS of C$3.06.
• Olympia’s shares opened at C$109.22, while the sole covering analyst maintained a Buy rating and a C$166.48 price target, implying substantial potential upside.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report) declared a monthly dividend on Wednesday, October 21st. Stockholders of record on Friday, October 30th will be given a dividend of $0.50 per share by the health services provider on Friday, October 30th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Wednesday, October 21st.

Olympia Financial Group Price Performance

Shares of TSE:OLY opened at C$109.22 on Monday. The business has a 50-day moving average price of C$100.05 and a 200 day moving average price of C$107.49. The company has a current ratio of 57.49, a quick ratio of 1.59 and a debt-to-equity ratio of 22.31. The company has a market capitalization of C$262.78 million, a price-to-earnings ratio of 14.37 and a beta of 0.05. Olympia Financial Group has a 12-month low of C$86.65 and a 12-month high of C$125.93.

Olympia Financial Group (TSE:OLY - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The health services provider reported C$1.53 earnings per share (EPS) for the quarter. Olympia Financial Group had a net margin of 17.31% and a return on equity of 35.11%. The firm had revenue of C$21.43 million for the quarter. Sell-side analysts expect that Olympia Financial Group will post 3.06 EPS for the current year.

Analyst Ratings Changes

Separately, Fundamental Research set a C$166.48 price objective on shares of Olympia Financial Group and gave the stock a "buy" rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$166.48.

Olympia Financial Group Company Profile

Olympia Financial Group Inc ("OFGI") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc, and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc OFGI's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".

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