Westshore Terminals Investment Co. to Issue Quarterly Dividend of $0.38 (TSE:WTE)

Westshore Terminals Investment Co. (TSE:WTE) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Investors of record on Sunday, June 30th will be paid a dividend of 0.375 per share on Monday, July 15th. This represents a $1.50 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Friday, June 28th.

Westshore Terminals Investment Stock Up 1.2 %

Shares of TSE:WTE traded up C$0.28 during trading on Wednesday, hitting C$22.92. 21,530 shares of the company were exchanged, compared to its average volume of 86,831. The stock has a market capitalization of C$1.43 billion, a P/E ratio of 14.59 and a beta of 0.87. The company has a debt-to-equity ratio of 62.47, a current ratio of 1.22 and a quick ratio of 2.07. Westshore Terminals Investment has a 12-month low of C$21.93 and a 12-month high of C$32.50. The firm’s 50 day moving average price is C$23.77 and its 200-day moving average price is C$25.61.

Westshore Terminals Investment (TSE:WTE) last issued its quarterly earnings data on Friday, May 3rd. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$84.76 million during the quarter. Westshore Terminals Investment had a net margin of 26.97% and a return on equity of 13.92%. On average, research analysts predict that Westshore Terminals Investment will post 1.4634921 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada reduced their price target on shares of Westshore Terminals Investment from C$27.00 to C$25.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 7th. Scotiabank dropped their price objective on shares of Westshore Terminals Investment from C$27.00 to C$24.50 in a research note on Monday, May 6th. BMO Capital Markets lowered their price target on shares of Westshore Terminals Investment from C$27.00 to C$26.00 in a research note on Friday, May 17th. Finally, CIBC lowered their price target on shares of Westshore Terminals Investment from C$30.00 to C$29.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th.

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 United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.