Dye & Durham Limited (TSE:DND) Declares $0.02 Quarterly Dividend

Dye & Durham Limited (TSE:DND) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.019 per share on Thursday, November 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Thursday, November 14th.

Dye & Durham Stock Performance

TSE DND opened at C$17.00 on Wednesday. Dye & Durham has a twelve month low of C$10.90 and a twelve month high of C$20.01. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. The stock has a market cap of C$1.14 billion, a P/E ratio of -5.81 and a beta of 2.09. The company’s 50-day simple moving average is C$16.42 and its 200 day simple moving average is C$14.29.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The company had revenue of C$119.93 million during the quarter, compared to the consensus estimate of C$120.30 million. As a group, research analysts forecast that Dye & Durham will post 0.1121051 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. CIBC increased their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. BMO Capital Markets upped their target price on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Cormark cut their price target on shares of Dye & Durham from C$23.00 to C$17.50 in a report on Monday, July 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$22.08.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.