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

Dye & Durham Limited (TSE:DND) announced a quarterly dividend on Tuesday, September 14th, Zacks reports. Shareholders of record on Thursday, October 7th will be paid a dividend of 0.019 per share on Thursday, October 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Wednesday, October 6th.

TSE:DND opened at C$45.56 on Wednesday. The company has a debt-to-equity ratio of 80.45, a quick ratio of 4.47 and a current ratio of 4.54. The company has a market cap of C$3.12 billion and a PE ratio of -62.93. Dye & Durham has a 52-week low of C$19.42 and a 52-week high of C$53.68. The stock has a 50-day simple moving average of C$46.49 and a 200 day simple moving average of C$44.65.

Dye & Durham (TSE:DND) last posted its quarterly earnings data on Monday, August 23rd. The company reported C$0.09 earnings per share (EPS) for the quarter. The firm had revenue of C$84.40 million for the quarter. On average, research analysts predict that Dye & Durham will post 1.42 earnings per share for the current fiscal year.

DND has been the subject of a number of research reports. CIBC reiterated a “neutral” rating and set a C$50.50 price objective on shares of Dye & Durham in a report on Tuesday, August 24th. Raymond James reissued an “outperform” rating and set a C$63.00 price target on shares of Dye & Durham in a research report on Wednesday, August 25th. Scotiabank increased their price target on Dye & Durham from C$59.00 to C$61.00 in a research report on Tuesday, June 1st. Canaccord Genuity cut their price objective on Dye & Durham from C$65.00 to C$60.00 and set a “na” rating for the company in a research report on Friday, July 9th. Finally, BMO Capital Markets raised their price objective on Dye & Durham from C$53.00 to C$55.00 and gave the company an “outperform” rating in a research report on Tuesday, June 1st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Dye & Durham currently has an average rating of “Buy” and an average target price of C$57.90.

About Dye & Durham

Dye & Durham Limited, through its subsidiary, Dye & Durham Corporation, provides cloud-based software and technology solutions for legal firms, financial service institutions, and government organizations in Canada and the United Kingdom. Its cloud-based platform automates the public record due diligence searches, document preparation, and electronic public record for legal due diligence, corporate formation and maintenance, lien registration, litigation, and real estate conveyancing.

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