Finning International Inc. (FTT) to Issue Quarterly Dividend of $0.25 on June 8th

Finning International Inc. (TSE:FTT – Get Rating) announced a quarterly dividend on Monday, May 8th, Zacks reports. Investors of record on Thursday, May 25th will be paid a dividend of 0.25 per share on Thursday, June 8th. This represents a $1.00 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, May 24th. This is a positive change from Finning International’s previous quarterly dividend of $0.24.

Finning International Stock Up 1.7 %

Finning International stock opened at C$37.70 on Monday. The stock has a market cap of C$5.69 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.56 and a beta of 1.71. The company has a quick ratio of 0.59, a current ratio of 1.32 and a debt-to-equity ratio of 98.71. Finning International has a twelve month low of C$23.46 and a twelve month high of C$39.48. The company’s 50-day moving average price is C$34.44 and its two-hundred day moving average price is C$34.49.

Analysts Set New Price Targets

Several research firms have weighed in on FTT. Scotiabank increased their price target on shares of Finning International from C$44.00 to C$45.00 in a report on Wednesday, February 8th. CIBC raised their target price on shares of Finning International from C$43.00 to C$45.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. National Bankshares cut shares of Finning International from an “outperform” rating to a “sector perform” rating and set a C$40.00 target price on the stock. in a report on Tuesday, February 7th. Raymond James raised their target price on shares of Finning International from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Tuesday, May 9th. Finally, National Bank Financial cut shares of Finning International from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Monday, February 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$43.29.

About Finning International

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Finning International Inc sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, the United Kingdom, Argentina, and internationally. The company offers telehandlers, articulated trucks, asphalt pavers, backhoe loaders, cable assist vehicles, cable yarding systems, chip dozers, cold planers, compactors, dozers, drills, electric rope shovels, excavators, material handlers, motor graders, off-highway trucks, pipelayers, remixing transfer vehicle, road reclaimers, road wideners, skid steer and compact track loaders, tack distributors, track loaders, underground-hard rock, wheel loaders, wheel tractor-scrapers, and windrow elevators, as well as attachments.