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

Element Fleet Management Corp. (TSE:EFN - Get Free Report) declared a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, June 30th.

Element Fleet Management Stock Up 0.7%

EFN traded up C$0.24 on Tuesday, hitting C$34.11. 677,876 shares of the company were exchanged, compared to its average volume of 599,414. The company has a market cap of C$9.78 billion, a PE ratio of 28.31, a PEG ratio of 2.97 and a beta of 0.91. The stock's fifty day moving average is C$32.15 and its 200-day moving average is C$29.90. Element Fleet Management has a 12 month low of C$24.53 and a 12 month high of C$34.30. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04.

Insiders Place Their Bets

In other news, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of C$31.58 per share, for a total transaction of C$135,781.10. Also, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the 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. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised shares of Element Fleet Management to a "moderate buy" rating and set a C$43.00 target price on the stock in a research note on Wednesday, June 18th. Jefferies Financial Group decreased their price objective on shares of Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. BMO Capital Markets raised their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods upgraded Element Fleet Management to a "hold" rating in a research report on Sunday, April 20th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$35.38.

About Element Fleet Management

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.