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

Dye & Durham Limited (TSE:DND) announced a quarterly dividend on Wednesday, September 4th, Zacks reports. Stockholders of record on Thursday, September 12th will be paid a dividend of 0.019 per share on Thursday, September 19th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, September 12th.

Dye & Durham Stock Down 5.0 %

TSE DND opened at C$13.30 on Friday. The business has a fifty day moving average price of C$13.18 and a 200 day moving average price of C$13.69. The company has a debt-to-equity ratio of 286.80, a quick ratio of 1.98 and a current ratio of 1.33. The company has a market cap of C$889.77 million, a P/E ratio of -4.91 and a beta of 2.07. Dye & Durham has a one year low of C$7.46 and a one year high of C$20.54.

Dye & Durham (TSE:DND) last posted its quarterly earnings results on Wednesday, September 4th. The company reported C$0.12 earnings per share for the quarter. Dye & Durham had a negative net margin of 34.81% and a negative return on equity of 31.62%. The firm had revenue of C$120.12 million for the quarter, compared to the consensus estimate of C$119.81 million. Research analysts anticipate that Dye & Durham will post 0.1015974 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DND has been the subject of several analyst reports. Cormark dropped their target price on Dye & Durham from C$23.00 to C$17.50 in a report on Monday, July 22nd. Raymond James raised their price objective on shares of Dye & Durham from C$16.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. CIBC increased their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Scotiabank decreased their price target on shares of Dye & Durham from C$24.00 to C$23.00 in a research note on Wednesday, May 15th.

About Dye & Durham

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.