TFI International Inc. (TSE:TFII) Announces Quarterly Dividend of $0.40

TFI International Inc. (TSE:TFII) declared a quarterly dividend on Friday, June 28th, TickerTech reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.40 per share on Monday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, June 28th.

TFI International Stock Performance

Shares of TSE TFII traded up C$1.92 during mid-day trading on Thursday, hitting C$193.45. 136,719 shares of the company were exchanged, compared to its average volume of 201,138. The firm has a market cap of C$16.36 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 1.01 and a beta of 1.44. The stock has a 50 day simple moving average of C$187.12 and a 200-day simple moving average of C$190.11. TFI International has a 1-year low of C$142.92 and a 1-year high of C$220.93. The company has a quick ratio of 1.18, a current ratio of 1.66 and a debt-to-equity ratio of 113.80.

Analyst Ratings Changes

TFII has been the subject of a number of recent research reports. CIBC lowered their price target on shares of TFI International from C$175.00 to C$172.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Desjardins cut their price target on TFI International from C$208.00 to C$207.00 and set a “buy” rating for the company in a report on Monday, June 17th. Scotiabank decreased their price objective on TFI International from C$235.00 to C$230.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. National Bankshares upgraded TFI International from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from C$222.00 to C$217.00 in a research note on Monday, April 29th. Finally, Royal Bank of Canada lifted their price target on TFI International from C$155.00 to C$173.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$184.88.

Insider Activity at TFI International

In other news, Director John Pratt bought 819 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average price of C$137.46 per share, for a total transaction of C$112,580.56. In related news, Director Alain Bédard sold 15,995 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$193.46, for a total value of C$3,094,381.50. Also, Director John Pratt acquired 819 shares of TFI International stock in a transaction on Friday, April 26th. The shares were bought at an average price of C$137.46 per share, for a total transaction of C$112,580.56. 5.91% of the stock is owned by insiders.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.