Horizon North Logistics Inc. (TSE:HNL) shares dropped 0.7% on Wednesday . The stock traded as low as C$1.51 and last traded at C$1.51. Approximately 193,383 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 244,491 shares. The stock had previously closed at C$1.52.

HNL has been the topic of several research analyst reports. Beacon Securities reissued a “buy” rating on shares of Horizon North Logistics in a report on Wednesday, September 13th. Raymond James Financial increased their price target on shares of Horizon North Logistics from C$1.75 to C$2.00 in a report on Thursday, August 17th. Finally, National Bank Financial increased their price target on shares of Horizon North Logistics from C$2.20 to C$2.40 and gave the company an “outperform” rating in a report on Thursday, October 5th.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.02 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.08 annualized dividend and a yield of 5.41%. Horizon North Logistics’s dividend payout ratio is currently -100.00%.

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About Horizon North Logistics

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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