Evertz Technologies Limited to Issue Quarterly Dividend of $0.20 (TSE:ET)

Evertz Technologies Limited (TSE:ET) announced a quarterly dividend on Thursday, March 13th, TickerTech Dividends reports. Investors of record on Thursday, March 20th will be given a dividend of 0.20 per share on Thursday, March 20th. This represents a $0.80 annualized dividend and a yield of 7.10%. The ex-dividend date of this dividend is Thursday, March 13th.

Evertz Technologies Stock Performance

TSE:ET opened at C$11.27 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09. Evertz Technologies has a twelve month low of C$11.00 and a twelve month high of C$15.39. The company has a fifty day moving average of C$12.30 and a 200-day moving average of C$12.31. The firm has a market capitalization of C$863.22 million, a P/E ratio of 14.91, a P/E/G ratio of 0.79 and a beta of 0.86.

Wall Street Analyst Weigh In

ET has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price objective on shares of Evertz Technologies from C$15.25 to C$15.50 and gave the company a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets cut their price target on Evertz Technologies from C$15.00 to C$13.50 in a research note on Thursday, March 6th. Finally, Raymond James lowered their price objective on Evertz Technologies from C$16.00 to C$14.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th.

Insider Buying and Selling

In other news, Senior Officer Douglas Moore acquired 4,000 shares of Evertz Technologies stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of C$12.16 per share, with a total value of C$48,640.00. 64.40% of the stock is currently owned by corporate insiders.

About Evertz Technologies

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.