Shares of CanWel Building Materials Group Ltd. (TSE:CWX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$7.02 and last traded at C$6.95, with a volume of 151214 shares trading hands. The stock had previously closed at C$6.92.

A number of analysts have recently weighed in on the stock. National Bank Financial increased their target price on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a report on Monday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$7.50 target price on shares of CanWel Building Materials Group in a report on Monday, October 23rd. Finally, Canaccord Genuity increased their target price on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the stock a “speculative buy” rating in a report on Wednesday, September 27th.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.06%. CanWel Building Materials Group’s dividend payout ratio is currently 160.00%.

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CanWel Building Materials Group Company Profile

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada and the Western United States. The company sells adhesives; engineered wood products; fasteners; foundation, insulation, interior finishing, and outdoor living products; roofing and accessories; and siding and trim, underlayment, and security and doorware products.

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