Dynacor Group Inc. (TSE:DNG) Declares Monthly Dividend of $0.01

Dynacor Group Inc. (TSE:DNG) declared a monthly dividend on Thursday, August 29th, Zacks reports. Stockholders of record on Tuesday, September 10th will be given a dividend of 0.012 per share on Tuesday, September 17th. This represents a $0.14 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, September 10th.

Dynacor Group Price Performance

Shares of TSE:DNG opened at C$4.91 on Friday. The firm has a market cap of C$178.87 million, a price-to-earnings ratio of 8.93 and a beta of 1.10. Dynacor Group has a 1 year low of C$3.01 and a 1 year high of C$5.75. The company has a current ratio of 4.66, a quick ratio of 3.50 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of C$5.22 and a 200 day simple moving average of C$5.02.

Dynacor Group (TSE:DNG) last issued its earnings results on Wednesday, August 14th. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$92.26 million for the quarter, compared to analyst estimates of C$90.31 million. Dynacor Group had a return on equity of 16.93% and a net margin of 5.83%. As a group, sell-side analysts predict that Dynacor Group will post 0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Singular Research raised shares of Dynacor Group to a “strong-buy” rating in a research report on Sunday, June 16th.

About Dynacor Group

Dynacor Group Inc engages in the exploration, development, and mining of minerals properties in Peru. The company explores for gold, silver, copper, and other precious metal deposits. Its flagship property is the Tumipampa project covering an area of 5,796 hectares located in the Circa district, Peru.