Enerflex Ltd. Announces Quarterly Dividend of $0.03 (NYSE:EFXT)

Enerflex Ltd. (NYSE:EFXT) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 0.026 per share on Monday, March 24th. This represents a $0.10 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, March 10th.

Enerflex has increased its dividend payment by an average of 9.8% annually over the last three years. Enerflex has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enerflex to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 12.3%.

Enerflex Stock Performance

EFXT traded up $0.09 during midday trading on Friday, hitting $7.95. 309,661 shares of the company were exchanged, compared to its average volume of 400,318. The firm has a market capitalization of $986.94 million, a price-to-earnings ratio of -12.62 and a beta of 2.02. The company’s 50 day simple moving average is $9.67 and its 200 day simple moving average is $7.95. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. Enerflex has a 1-year low of $4.59 and a 1-year high of $10.61.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their price objective on Enerflex from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.