DHX Media Ltd (DHXM) to Issue Quarterly Dividend of $0.02 on October 25th
DHX Media Ltd (NASDAQ:DHXM) declared a quarterly dividend on Friday, September 29th, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.0162 per share on Wednesday, October 25th. This represents a $0.06 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, October 12th. This is a positive change from DHX Media’s previous quarterly dividend of $0.01.
DHX Media (DHXM) opened at 3.85 on Friday. The stock has a market capitalization of $515.88 million, a PE ratio of 48.12 and a beta of 0.86. The firm has a 50-day moving average of $5.25 and a 200-day moving average of $4.55. DHX Media has a 1-year low of $3.80 and a 1-year high of $6.30.
A number of analysts have recently issued reports on the stock. Canaccord Genuity downgraded shares of DHX Media from a “buy” rating to a “hold” rating in a report on Friday, September 29th. National Bank Financial downgraded shares of DHX Media from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Finally, Royal Bank Of Canada downgraded shares of DHX Media from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $9.13.
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DHX Media Company Profile
DHX Media Ltd is a Canada-based creator, producer, distributor, licensor and broadcaster of kids and family television and film productions. The Company develops, produces and distributes films and television programs for the domestic and international market, broadcasts films and television programs for the domestic markets, as well, the Company manages copyrights, licensing and brands for third parties.
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