Dye & Durham Limited (DND) to Issue Quarterly Dividend of $0.02 on June 17th

Dye & Durham Limited (TSE:DNDGet Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Investors of record on Friday, June 10th will be given a dividend of 0.019 per share on Friday, June 17th. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Thursday, June 9th.

DND opened at C$17.04 on Friday. The company’s 50 day simple moving average is C$23.29 and its 200 day simple moving average is C$32.75. The stock has a market capitalization of C$1.18 billion and a PE ratio of 115.14. The company has a debt-to-equity ratio of 230.45, a quick ratio of 7.68 and a current ratio of 7.79. Dye & Durham has a 1 year low of C$12.95 and a 1 year high of C$50.49.

Several equities analysts have recently weighed in on DND shares. Raymond James reduced their price objective on shares of Dye & Durham from C$77.00 to C$60.00 and set an “outperform” rating for the company in a research report on Friday. Scotiabank reduced their price objective on shares of Dye & Durham from C$60.00 to C$59.00 in a research report on Thursday, February 3rd. Canaccord Genuity Group reduced their price objective on shares of Dye & Durham from C$75.00 to C$65.00 in a research report on Tuesday, February 22nd. Finally, BMO Capital Markets reduced their price objective on shares of Dye & Durham from C$53.00 to C$30.00 in a research report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$55.67.

Dye & Durham Company Profile (Get Rating)

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, Australia, Ireland, and the United Kingdom. It offers legal software solutions, such as due diligence, incorporation and business organization, PPSA and securities filings, litigation, and practice management solutions that automates workflow and streamlines access to public records to support end-to-end legal transactions.

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