Chesswood Group Limited (TSE:CHW) Plans $0.04 Monthly Dividend

Chesswood Group Limited (TSE:CHW – Get Rating) announced a monthly dividend on Tuesday, June 21st, Zacks reports. Investors of record on Thursday, June 30th will be paid a dividend of 0.04 per share on Friday, July 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Wednesday, June 29th.

Shares of CHW stock opened at C$12.56 on Wednesday. Chesswood Group has a 52-week low of C$10.94 and a 52-week high of C$15.25. The company has a debt-to-equity ratio of 930.12, a quick ratio of 34.83 and a current ratio of 36.85. The firm has a market capitalization of C$236.83 million and a P/E ratio of 9.55. The stock has a 50 day moving average price of C$13.43 and a 200 day moving average price of C$14.01.

Chesswood Group (TSE:CHW – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.07. The business had revenue of C$57.25 million for the quarter, compared to the consensus estimate of C$55.65 million. As a group, sell-side analysts forecast that Chesswood Group will post 2.7799999 EPS for the current year.

A number of research firms recently weighed in on CHW. Cormark upped their price objective on shares of Chesswood Group from C$24.25 to C$25.00 in a research note on Monday, May 16th. Raymond James set a C$17.00 price objective on shares of Chesswood Group and gave the stock an “outperform” rating in a research note on Thursday, March 10th. Finally, Royal Bank of Canada upped their price objective on shares of Chesswood Group from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 17th.

In related news, Director Gary Souverein sold 2,600 shares of the stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of C$14.78, for a total value of C$38,415.00. Following the transaction, the director now owns 328,157 shares in the company, valued at approximately C$4,848,519.68. Also, Director Wayne M. Woolley sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of C$14.63, for a total transaction of C$80,437.50. Following the sale, the director now directly owns 54,600 shares in the company, valued at approximately C$798,525. Insiders sold a total of 30,900 shares of company stock valued at $447,374 over the last ninety days.

Chesswood Group Company Profile (Get Rating)

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of approximately 60 equipment finance broker firms in Canada.

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