Exco Technologies Limited to Issue Quarterly Dividend of $0.11 (TSE:XTC)

Key Points

• Exco Technologies Limited has declared a quarterly dividend of $0.11, with shareholders of record on September 15th set to receive this payment on September 29th, resulting in a 6.10% dividend yield.
• The company's shares recently traded at C$6.88, reflecting a decline of 0.7%, while it has a market capitalization of C$266.48 million.
• Cormark has upgraded Exco Technologies' rating from "hold" to a "moderate buy," indicating a positive outlook for the company's stock performance.

Exco Technologies Limited (TSE:XTC - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.105 per share on Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

Exco Technologies Price Performance

Shares of XTC stock traded down C$0.10 during trading hours on Friday, reaching C$6.65. The company had a trading volume of 10,833 shares, compared to its average volume of 21,184. The company has a market capitalization of C$257.57 million, a price-to-earnings ratio of 9.13 and a beta of 1.15. Exco Technologies has a 12-month low of C$5.26 and a 12-month high of C$8.80. The company has a debt-to-equity ratio of 26.17, a quick ratio of 1.30 and a current ratio of 2.83. The stock has a fifty day moving average of C$6.81 and a 200-day moving average of C$6.47.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.