Tidewater Midstream & Infrastructure Ltd (TWM) Plans Quarterly Dividend of $0.01
Tidewater Midstream & Infrastructure Ltd (TSE:TWM) declared a quarterly dividend on Friday, March 22nd, Zacks reports. Stockholders of record on Friday, March 29th will be given a dividend of 0.01 per share on Tuesday, April 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, March 28th.
Shares of TWM traded up C$0.01 during midday trading on Wednesday, reaching C$1.40. 320,900 shares of the stock were exchanged, compared to its average volume of 394,224. Tidewater Midstream & Infrastructure has a 52 week low of C$1.20 and a 52 week high of C$1.57. The company has a market capitalization of $457.75 million and a price-to-earnings ratio of 23.17. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 75.88.
A number of equities research analysts recently weighed in on the company. GMP Securities raised their price objective on Tidewater Midstream & Infrastructure from C$2.00 to C$2.25 in a research report on Tuesday. National Bank Financial raised their price objective on Tidewater Midstream & Infrastructure from C$2.00 to C$2.10 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Tidewater Midstream & Infrastructure in a research report on Wednesday, February 13th.
Tidewater Midstream and Infrastructure Ltd. engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines. It also exports its products.
Recommended Story: Net Income
Receive News & Ratings for Tidewater Midstream & Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tidewater Midstream & Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.