TFI International Inc. (TSE:TFII) Raises Dividend to $0.45 Per Share

TFI International Inc. (TSE:TFII - Get Free Report) declared a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Investors of record on Tuesday, July 15th will be paid a dividend of 0.45 per share on Tuesday, July 15th. This represents a $1.80 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, June 30th. This is a 12.5% increase from TFI International's previous quarterly dividend of $0.40.

TFI International Stock Performance

TFII stock traded up C$2.75 during midday trading on Friday, hitting C$123.62. The stock had a trading volume of 694,516 shares, compared to its average volume of 302,082. The firm has a market capitalization of C$7.37 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.01 and a beta of 1.37. TFI International has a 52 week low of C$102.57 and a 52 week high of C$219.57. The stock has a 50-day simple moving average of C$118.56 and a 200 day simple moving average of C$146.11. The company has a current ratio of 0.98, a quick ratio of 1.18 and a debt-to-equity ratio of 115.17.

Insider Buying and Selling

In other news, Director Debra Kelly-Ennis acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average cost of C$110.43 per share, for a total transaction of C$220,855.20. Also, Director Leslie Abi-Karam bought 1,230 shares of TFI International stock in a transaction on Friday, April 25th. The shares were bought at an average price of C$112.99 per share, for a total transaction of C$138,981.51. Corporate insiders own 5.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TFII shares. National Bankshares upgraded TFI International from a "sector perform" rating to an "outperform" rating and dropped their price objective for the stock from C$178.00 to C$132.00 in a research note on Friday, April 4th. Scotiabank dropped their price objective on TFI International from C$193.00 to C$150.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, Desjardins dropped their price objective on TFI International from C$171.00 to C$164.00 and set a "buy" rating for the company in a research note on Friday, April 25th.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.

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