Shawcor Ltd (SCL) Plans Quarterly Dividend of $0.15
Shawcor Ltd (TSE:SCL) declared a quarterly dividend on Thursday, August 17th, TickerTech reports. Stockholders of record on Thursday, August 31st will be paid a dividend of 0.15 per share on Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, August 17th.
Shares of Shawcor (TSE SCL) traded up 0.32% during trading on Wednesday, hitting $25.23. The stock had a trading volume of 17,769 shares. Shawcor has a 52 week low of $25.05 and a 52 week high of $39.95. The stock’s market capitalization is $1.76 billion. The firm has a 50 day moving average price of $26.98 and a 200-day moving average price of $32.88.
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Several research firms recently weighed in on SCL. BMO Capital Markets dropped their price target on Shawcor from C$42.00 to C$36.00 in a research report on Monday. National Bank Financial cut Shawcor from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$40.00 to C$27.00 in a research note on Monday, June 26th. Industrial Alliance Securities upgraded Shawcor from a “buy” rating to a “strong-buy” rating and set a C$41.00 price objective for the company in a research note on Monday, May 29th. Royal Bank Of Canada lowered their price objective on Shawcor from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a research note on Thursday, May 11th. Finally, AltaCorp Capital cut Shawcor from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 18th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$36.80.
Shawcor Company Profile
ShawCor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry worldwide. The company operates in two segments, Pipeline and Pipe Services, and Petrochemical and Industrial. Its Bredero Shaw division offers pipe coating, lining, and insulation products; and Canusa-CPS division manufactures heat shrinkable sleeves, adhesives, and liquid coatings for pipeline joint protection applications.
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