Hardwoods Distribution Inc (HDI) To Go Ex-Dividend on July 12th

Hardwoods Distribution Inc (TSE:HDI) announced a quarterly dividend on Friday, July 12th, TickerTech reports. Stockholders of record on Friday, July 26th will be paid a dividend of 0.08 per share on Friday, July 26th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, July 12th.

Shares of TSE:HDI traded down C$0.04 during trading on Wednesday, reaching C$12.74. The company had a trading volume of 3,320 shares, compared to its average volume of 42,588. The business’s fifty day moving average is C$12.40. The firm has a market cap of $269.68 million and a price-to-earnings ratio of 9.17. Hardwoods Distribution has a twelve month low of C$10.04 and a twelve month high of C$18.23. The company has a debt-to-equity ratio of 76.74, a current ratio of 1.94 and a quick ratio of 0.70.

Hardwoods Distribution (TSE:HDI) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.30 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.01). The firm had revenue of C$287.09 million for the quarter, compared to the consensus estimate of C$273.35 million. On average, research analysts forecast that Hardwoods Distribution will post 1.64 EPS for the current year.



Several analysts recently commented on the stock. National Bank Financial cut their target price on shares of Hardwoods Distribution from C$16.00 to C$15.50 and set an “outperform” rating for the company in a research note on Monday, May 13th. Canaccord Genuity cut their target price on shares of Hardwoods Distribution from C$17.00 to C$15.00 in a research note on Monday, March 18th. Finally, CIBC cut their target price on shares of Hardwoods Distribution from C$16.00 to C$15.00 in a research note on Friday, July 5th.

Hardwoods Distribution Company Profile

Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.

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