Clairvest Group (TSE:CVG) Issues Earnings Results

Clairvest Group (TSE:CVG) released its quarterly earnings results on Friday. The company reported C$3.61 EPS for the quarter, FiscalAI reports. Clairvest Group had a return on equity of 9.03% and a net margin of 57.92%.The company had revenue of C$74.27 million for the quarter.

Clairvest Group Stock Performance

Shares of Clairvest Group stock opened at C$86.50 on Friday. The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 10.76 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 business has a 50-day moving average of C$77.91 and a 200 day moving average of C$75.43. Clairvest Group has a 12 month low of C$68.13 and a 12 month high of C$87.00.

Clairvest Group Announces Dividend

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