Wajax Corp (WJX) to Issue Quarterly Dividend of $0.25

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Wajax Corp (TSE:WJX) declared a quarterly dividend on Monday, November 5th, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.25 per share on Thursday, January 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend is Thursday, December 13th.

Shares of TSE:WJX traded up C$0.15 during midday trading on Friday, hitting C$17.22. The company had a trading volume of 51,400 shares, compared to its average volume of 28,951. Wajax has a 12 month low of C$16.72 and a 12 month high of C$28.17. The company has a debt-to-equity ratio of 63.09, a quick ratio of 0.86 and a current ratio of 2.24.

Wajax (TSE:WJX) last posted its quarterly earnings results on Monday, November 5th. The company reported C$0.53 earnings per share (EPS) for the quarter. The company had revenue of C$367.42 million during the quarter. On average, equities analysts anticipate that Wajax will post 2.56 EPS for the current fiscal year.

Several research firms have recently issued reports on WJX. BMO Capital Markets reduced their price target on Wajax from C$29.00 to C$27.00 in a research report on Wednesday, November 7th. Royal Bank of Canada restated an “outperform” rating and issued a C$29.00 price target on shares of Wajax in a research report on Monday, October 29th. Raymond James set a C$26.50 price target on Wajax and gave the stock a “market perform” rating in a research report on Monday, October 29th. Finally, TD Securities raised their price target on Wajax from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$30.00.

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Wajax Company Profile

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

Further Reading: Institutional Investors

Dividend History for Wajax (TSE:WJX)

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