Chesswood Group Limited (TSE:CHW) Declares $0.04 Monthly Dividend

Chesswood Group Limited (TSE:CHWGet Rating) announced a monthly dividend on Wednesday, April 20th, Zacks reports. Shareholders of record on Saturday, April 30th will be paid a dividend of 0.04 per share on Monday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Thursday, April 28th.

Shares of CHW opened at C$13.40 on Thursday. The stock has a market cap of C$232.58 million and a PE ratio of 8.43. The company has a debt-to-equity ratio of 720.15, a quick ratio of 31.87 and a current ratio of 33.47. Chesswood Group has a fifty-two week low of C$10.94 and a fifty-two week high of C$15.25. The firm’s 50-day simple moving average is C$14.47 and its two-hundred day simple moving average is C$13.95.

Chesswood Group (TSE:CHWGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported C$0.40 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.37 by C$0.03. The firm had revenue of C$44.24 million for the quarter, compared to analysts’ expectations of C$41.60 million. Equities research analysts predict that Chesswood Group will post 2.0699999 EPS for the current year.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Chesswood Group to C$16.00 and gave the company a “sector perform” rating in a report on Monday, January 17th. Raymond James set a C$17.00 price target on shares of Chesswood Group and gave the company an “outperform” rating in a report on Thursday, March 10th. Finally, Cormark raised their target price on shares of Chesswood Group from C$23.00 to C$24.50 and gave the stock a “buy” rating in a report on Friday, March 11th.

In other Chesswood Group news, Director Gary Souverein sold 15,000 shares of the stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of C$14.75, for a total value of C$221,250.00. Following the transaction, the director now directly owns 330,757 shares in the company, valued at C$4,878,665.75.

Chesswood Group Company Profile (Get Rating)

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of approximately 60 equipment finance broker firms in Canada.

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Dividend History for Chesswood Group (TSE:CHW)

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