TerraVest Industries Inc. (TSE:TVK) Plans Dividend Increase – $0.18 Per Share

TerraVest Industries Inc. (TSE:TVK) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Thursday, April 10th will be given a dividend of 0.175 per share on Thursday, April 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, March 31st. This is a 16.7% increase from TerraVest Industries’s previous quarterly dividend of $0.15.

TerraVest Industries Stock Down 3.4 %

TVK traded down C$4.88 during trading on Friday, hitting C$140.32. The company had a trading volume of 67,573 shares, compared to its average volume of 111,203. The company has a market cap of C$2.75 billion, a PE ratio of 41.40 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. TerraVest Industries has a 1-year low of C$58.91 and a 1-year high of C$152.07. The business has a 50-day moving average of C$125.87 and a 200-day moving average of C$114.95.

Analyst Upgrades and Downgrades

TVK has been the topic of a number of research reports. Desjardins increased their target price on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. National Bankshares increased their price objective on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 18th. Scotiabank lifted their target price on TerraVest Industries from C$126.00 to C$140.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Finally, Canaccord Genuity Group increased their price target on TerraVest Industries from C$132.00 to C$170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$137.00.

About TerraVest Industries

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.