Guardian Capital Group Limited (TSE:GCG.A) to Issue Quarterly Dividend of $0.39

Guardian Capital Group Limited (TSE:GCG.A - Get Free Report) announced a quarterly dividend on Friday, July 11th, TickerTech Dividends reports. Stockholders of record on Friday, July 18th will be given a dividend of 0.39 per share by the financial services provider on Friday, July 18th. This represents a $1.56 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, July 11th. This is a 5.4% increase from Guardian Capital Group's previous quarterly dividend of $0.37.

Guardian Capital Group Price Performance

Shares of Guardian Capital Group stock traded up C$0.98 on Friday, hitting C$43.48. 4,751 shares of the company traded hands, compared to its average volume of 5,296. The stock has a market capitalization of C$966.13 million, a P/E ratio of 17.89, a price-to-earnings-growth ratio of -22.04 and a beta of 1.11. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.64 and a current ratio of 1.03. Guardian Capital Group has a 52 week low of C$37.51 and a 52 week high of C$46.13. The business has a 50-day simple moving average of C$41.54 and a 200 day simple moving average of C$42.08.

Analysts Set New Price Targets

Separately, Scotiabank dropped their price objective on shares of Guardian Capital Group from C$54.00 to C$53.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd.

About Guardian Capital Group

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.