Wajax Co. (TSE:WJX) to Issue $0.35 Quarterly Dividend

Wajax Co. (TSE:WJX - Get Free Report) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Friday, June 14th will be given a dividend of 0.35 per share on Wednesday, July 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Friday, June 14th.

Wajax Stock Up 0.2 %

TSE:WJX traded up C$0.06 during midday trading on Friday, reaching C$28.09. 124,662 shares of the stock traded hands, compared to its average volume of 32,501. Wajax has a 12-month low of C$21.63 and a 12-month high of C$34.96. The business has a 50-day moving average of C$32.90 and a two-hundred day moving average of C$30.88. The company has a debt-to-equity ratio of 100.93, a quick ratio of 0.71 and a current ratio of 2.16. The stock has a market capitalization of C$608.71 million, a PE ratio of 7.75, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90.

Wajax (TSE:WJX - Get Free Report) last issued its quarterly earnings results on Monday, March 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Wajax had a net margin of 3.76% and a return on equity of 17.12%. The business had revenue of C$542.60 million for the quarter. On average, equities analysts forecast that Wajax will post 3.9178404 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on WJX. TD Securities increased their price objective on shares of Wajax from C$34.00 to C$37.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Scotiabank cut their price objective on shares of Wajax from C$37.00 to C$35.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, BMO Capital Markets cut their price objective on shares of Wajax from C$36.00 to C$32.00 and set a "market perform" rating on the stock in a research note on Friday.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.