Westshore Terminals Investment Co. (TSE:WTE) to Issue Dividend Increase – $0.38 Per Share

Westshore Terminals Investment Co. (TSE:WTE) declared a quarterly dividend on Friday, March 8th, Zacks reports. Investors of record on Sunday, March 31st will be paid a dividend of 0.375 per share on Monday, April 15th. This represents a $1.50 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Wednesday, March 27th. This is a boost from Westshore Terminals Investment’s previous quarterly dividend of $0.35.

Westshore Terminals Investment Trading Up 0.2 %

Shares of TSE WTE opened at C$26.23 on Tuesday. Westshore Terminals Investment has a 1 year low of C$22.73 and a 1 year high of C$33.72. The stock has a market cap of C$1.64 billion, a P/E ratio of 14.10 and a beta of 0.89. The firm has a 50-day moving average of C$26.41 and a 200 day moving average of C$26.12. The company has a debt-to-equity ratio of 38.09, a current ratio of 1.57 and a quick ratio of 2.07.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WTE shares. Scotiabank lifted their price target on shares of Westshore Terminals Investment from C$26.00 to C$27.00 in a research report on Monday, March 11th. CIBC lifted their target price on shares of Westshore Terminals Investment from C$29.00 to C$30.00 and gave the stock a “neutral” rating in a report on Friday, January 12th.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the Northwestern United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.