Clairvest Group (TSE:CVG) Sets New 12-Month High – Here’s Why

Clairvest Group Inc. (TSE:CVG) reached a new 52-week high on Monday . The company traded as high as C$78.95 and last traded at C$78.95, with a volume of 120 shares. The stock had previously closed at C$78.00.

Clairvest Group Stock Up 1.2%

The company has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 9.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.53, a current ratio of 19.89 and a quick ratio of 2.73. The firm’s fifty day moving average price is C$76.35 and its 200-day moving average price is C$74.52.

Clairvest Group (TSE:CVG) last released its quarterly earnings data on Thursday, June 25th. The company reported C$4.56 earnings per share for the quarter. The company had revenue of C$99.50 million for the quarter. Clairvest Group had a return on equity of 9.03% and a net margin of 57.92%.

Clairvest Group Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 24th were given a $0.10 dividend. The ex-dividend date was Friday, July 3rd. This represents a yield of 13.0%. Clairvest Group’s dividend payout ratio (DPR) is currently 1.24%.

About Clairvest Group

Clairvest Group Inc is a Canadian equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.