Dye & Durham Limited (TSE:DND) to Issue $0.02 Quarterly Dividend

Dye & Durham Limited (TSE:DND) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Thursday, November 14th will be given a dividend of 0.019 per share on Thursday, November 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Thursday, November 14th.

Dye & Durham Stock Up 5.8 %

TSE DND opened at C$18.29 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. Dye & Durham has a 12 month low of C$9.61 and a 12 month high of C$20.01. The stock’s 50 day moving average is C$16.28 and its 200 day moving average is C$14.26. The stock has a market cap of C$1.22 billion, a PE ratio of -6.24 and a beta of 2.09.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. The firm had revenue of C$119.93 million during the quarter, compared to the consensus estimate of C$120.30 million. Research analysts predict that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DND shares. CIBC lifted their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Cormark cut their target price on Dye & Durham from C$23.00 to C$17.50 in a research report on Monday, July 22nd. Finally, BMO Capital Markets boosted their target price on Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham currently has an average rating of “Buy” and an average price target of C$22.08.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.