Hardwoods Distribution Inc (TSE:HWD) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 14th. Analysts expect Hardwoods Distribution to post earnings of C$0.43 per share for the quarter.

Hardwoods Distribution Inc (TSE:HWD) opened at C$20.71 on Friday. Hardwoods Distribution Inc has a 52 week low of C$16.00 and a 52 week high of C$22.00.

The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Monday, October 16th were paid a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, October 13th. This is a positive change from Hardwoods Distribution’s previous quarterly dividend of $0.05. Hardwoods Distribution’s payout ratio is 12.16%.

Several equities analysts have issued reports on the company. National Bank Financial lifted their target price on Hardwoods Distribution from C$23.00 to C$27.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. Canaccord Genuity set a C$23.00 target price on Hardwoods Distribution and gave the company a “buy” rating in a research note on Monday, September 25th.

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About Hardwoods Distribution

Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.

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