Wajax Co. (TSE:WJX) Declares $0.35 Quarterly Dividend

Wajax Co. (TSE:WJX) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.35 per share on Tuesday, January 7th. This represents a $1.40 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Monday, December 16th.

Wajax Price Performance

TSE:WJX opened at C$21.42 on Friday. Wajax has a one year low of C$20.44 and a one year high of C$34.96. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.71 and a current ratio of 1.91. The stock has a market cap of C$465.46 million, a PE ratio of 6.84, a P/E/G ratio of 0.50 and a beta of 1.80. The stock has a 50 day moving average price of C$24.94 and a 200 day moving average price of C$26.00.

Wajax (TSE:WJX) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$1.06 EPS for the quarter. The firm had revenue of C$568.30 million during the quarter. Wajax had a return on equity of 14.06% and a net margin of 3.32%. Equities research analysts expect that Wajax will post 3.4850136 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on WJX. TD Securities cut their target price on Wajax from C$30.00 to C$24.00 and set a “buy” rating for the company in a research note on Wednesday. BMO Capital Markets cut their target price on Wajax from C$28.00 to C$24.00 in a research note on Wednesday. National Bank Financial raised Wajax to a “hold” rating in a research note on Thursday, September 26th. Scotiabank cut their target price on Wajax from C$29.00 to C$24.00 in a research note on Wednesday. Finally, National Bankshares set a C$26.00 target price on Wajax and gave the stock a “sector perform” rating in a research note on Friday, September 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$24.50.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.