Trican Well Service Ltd. (TSE:TCW) Plans Dividend Increase - $0.06 Per Share

Key Points

• Trican Well Service Ltd. has increased its quarterly dividend to $0.06 per share, up from the previous $0.05, marking a 10.0% increase.
• The new dividend represents a 3.8% yield and will be paid to stockholders of record on September 30th.
• As of the latest trading session, TCW stock opened at C$5.76 and has a market capitalization of C$1.03 billion, with a PE ratio of 10.67.

Trican Well Service Ltd. (TSE:TCW - Get Free Report) announced a quarterly dividend on Friday, September 12th, TickerTech Dividends reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.055 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 12th. This is a 10.0% increase from Trican Well Service's previous quarterly dividend of $0.05.

Trican Well Service Stock Down 1.5%

Shares of TCW stock traded down C$0.09 during trading on Friday, hitting C$5.73. 152,170 shares of the company were exchanged, compared to its average volume of 546,841. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. The firm has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.22 and a beta of 0.62. The business's 50-day simple moving average is C$5.76 and its 200 day simple moving average is C$4.87. Trican Well Service has a twelve month low of C$3.69 and a twelve month high of C$6.02.

About Trican Well Service

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.