Wajax Co. (WJX) To Go Ex-Dividend on September 16th

Wajax Co. (TSE:WJX) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.35 per share on Wednesday, October 2nd. This represents a $1.40 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Monday, September 16th.

Wajax Stock Performance

TSE:WJX traded down C$1.22 on Friday, hitting C$24.15. The stock had a trading volume of 101,211 shares, compared to its average volume of 35,045. Wajax has a 52-week low of C$23.15 and a 52-week high of C$34.96. The stock has a market cap of C$524.06 million, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The company has a quick ratio of 0.71, a current ratio of 1.91 and a debt-to-equity ratio of 107.15. The business’s 50-day simple moving average is C$25.85 and its two-hundred day simple moving average is C$29.38.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WJX. Scotiabank lowered their price objective on Wajax from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. TD Securities reduced their price objective on shares of Wajax from C$37.00 to C$34.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, BMO Capital Markets dropped their target price on shares of Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th.

About Wajax

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.