Exco Technologies Limited Declares Quarterly Dividend of $0.11 (TSE:XTC)

Exco Technologies Limited (TSE:XTC) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.105 per share on Friday, September 27th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date is Friday, September 13th.

Exco Technologies Trading Down 2.2 %

Shares of XTC traded down C$0.17 during trading hours on Friday, reaching C$7.60. The stock had a trading volume of 2,404 shares, compared to its average volume of 17,275. The firm has a 50-day moving average of C$7.84 and a 200 day moving average of C$7.57. The company has a quick ratio of 1.30, a current ratio of 2.77 and a debt-to-equity ratio of 30.90. The company has a market cap of C$294.58 million, a P/E ratio of 10.36 and a beta of 1.19. Exco Technologies has a 52 week low of C$7.00 and a 52 week high of C$8.76.

Exco Technologies (TSE:XTC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.04. Exco Technologies had a return on equity of 7.82% and a net margin of 4.52%. The company had revenue of C$163.83 million during the quarter, compared to the consensus estimate of C$165.30 million. On average, sell-side analysts expect that Exco Technologies will post 0.7806122 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Acumen Capital set a C$11.00 target price on Exco Technologies and gave the stock a “buy” rating in a research note on Thursday, June 27th.

Insider Buying and Selling

In other Exco Technologies news, Senior Officer Paul Riganelli sold 5,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$7.90, for a total transaction of C$39,500.00. Insiders have sold a total of 15,000 shares of company stock worth $118,300 over the last ninety days. Company insiders own 51.72% of the company’s stock.

About Exco Technologies

Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates through two segments, Casting and Extrusion, and Automotive Solutions.