Badger Daylighting Ltd (BAD) to Issue Monthly Dividend of C$0.03

Badger Daylighting Ltd (TSE:BAD) declared a monthly dividend on Wednesday, July 27th. Shareholders of record on Monday, August 15th will be given a dividend of 0.033 per share on Monday, August 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, July 27th.

Shares of Badger Daylighting (TSE:BAD) traded up 0.88% during mid-day trading on Tuesday, hitting $20.75. 109,802 shares of the stock traded hands. The company has a market cap of $769.83 million and a P/E ratio of 25.06. Badger Daylighting has a one year low of $16.71 and a one year high of $27.98. The stock has a 50 day moving average price of $21.70 and a 200-day moving average price of $22.97.

Separately, Canaccord Genuity decreased their target price on shares of Badger Daylighting from C$29.00 to C$23.00 and set a “hold” rating on the stock in a research report on Friday, April 8th.

Badger Daylighting Ltd. (Badger) is a provider of non-destructive excavating services. The Company works for contractors and facility owners in the utility and petroleum industries. The Company operates in three divisions: rents and sells various lines of trench shielding used to shore and strengthen trenches dug for a range of purposes; provides sewer inspection services and limited sewer flush services, and provides general vacuum truck and auxiliary services to the oil and gas industry, focusing primarily on production tank cleaning and removal of waste oil and sand.