Trican Well Service Ltd. (TSE:TCW) Declares Dividend Increase – $0.05 Per Share

Trican Well Service Ltd. (TSE:TCWGet Free Report) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 4.48%. The ex-dividend date is Friday, March 14th. This is a 11.1% increase from Trican Well Service’s previous quarterly dividend of $0.05.

Trican Well Service Price Performance

Trican Well Service stock traded up C$0.06 during trading hours on Wednesday, hitting C$4.46. 162,739 shares of the stock were exchanged, compared to its average volume of 556,583. The stock has a market capitalization of C$841.68 million, a P/E ratio of 7.93, a P/E/G ratio of 0.22 and a beta of 1.73. The business’s 50-day moving average is C$4.83 and its two-hundred day moving average is C$4.80. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62. Trican Well Service has a 12 month low of C$3.99 and a 12 month high of C$5.45.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. ATB Capital raised their price target on Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th. TD Securities lifted their price target on Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a report on Thursday, February 20th.

Get Our Latest Analysis on Trican Well Service

Trican Well Service Company Profile

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Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.

See Also

Dividend History for Trican Well Service (TSE:TCW)

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