Element Fleet Management Corp. Declares Quarterly Dividend of $0.13 (TSE:EFN)

Element Fleet Management Corp. (TSE:EFN - Get Free Report) announced a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.13 per share by the financial services provider on Tuesday, July 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, June 30th.

Element Fleet Management Stock Performance

Shares of Element Fleet Management stock traded down C$0.03 during midday trading on Friday, hitting C$33.87. The company had a trading volume of 715,208 shares, compared to its average volume of 598,782. The business's 50 day simple moving average is C$32.07 and its two-hundred day simple moving average is C$29.86. The stock has a market cap of C$9.71 billion, a PE ratio of 28.11, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. Element Fleet Management has a 1-year low of C$24.53 and a 1-year high of C$34.30.

Insider Buying and Selling at Element Fleet Management

In related news, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of C$31.58 per share, with a total value of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of Element Fleet Management stock in a transaction on Friday, May 2nd. The shares were sold at an average price of C$30.77, for a total value of C$314,777.10. Company insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Raymond James Financial raised their price objective on shares of Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. BMO Capital Markets raised their target price on Element Fleet Management from C$33.00 to C$35.00 in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised Element Fleet Management to a "hold" rating in a research report on Sunday, April 20th. Jefferies Financial Group reduced their target price on Element Fleet Management from C$31.00 to C$30.00 in a research report on Monday, April 21st. Finally, Royal Bank Of Canada raised Element Fleet Management to a "moderate buy" rating and set a C$43.00 target price for the company in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Element Fleet Management has an average rating of "Moderate Buy" and an average target price of C$35.38.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.

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