Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States. The company is involved in the asset-based lending, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; and provision of lease and equipment, working capital, and film and media production financing, as well as credit guarantees and collection services. It also offers factoring and credit investigation services; and supply chain financing for importers. The company serves customers operating in manufacturing, retail, services, wholesale, import and export, lending, apparel and textile, food and beverage, and construction sectors. Accord Financial Corp. was founded in 1978 and is based in Toronto, Canada.
Accord Financial Stock Performance
ACD Stock traded up C$0.35 on Monday, reaching C$9.10. 2,410 shares of the company were exchanged, compared to its average volume of 3,016. The firm has a market capitalization of C$77.89 million and a PE ratio of 5.99. Accord Financial has a 12 month low of C$8.02 and a 12 month high of C$9.50. The stock's fifty day moving average price is C$9.03 and its 200 day moving average price is C$8.67. The company has a debt-to-equity ratio of 348.26, a current ratio of 1.95 and a quick ratio of 1.92.
Accord Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, September 1st will be issued a $0.075 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.30 annualized dividend and a yield of 3.30%. Accord Financial's dividend payout ratio (DPR) is 15.41%.