Westshore Terminals Investment Co. (WTE) to Issue Quarterly Dividend of $0.38 on July 15th

Westshore Terminals Investment Co. (TSE:WTE) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Investors of record on Sunday, June 30th will be paid a dividend of 0.375 per share on Monday, July 15th. This represents a $1.50 annualized dividend and a yield of 6.55%. The ex-dividend date is Friday, June 28th.

Westshore Terminals Investment Price Performance

WTE stock traded up C$0.27 during midday trading on Wednesday, hitting C$22.91. 24,030 shares of the stock were exchanged, compared to its average volume of 86,851. Westshore Terminals Investment has a fifty-two week low of C$21.93 and a fifty-two week high of C$32.50. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of 14.59 and a beta of 0.87. The stock’s 50-day moving average price is C$23.77 and its 200-day moving average price is C$25.61. The company has a debt-to-equity ratio of 62.47, a quick ratio of 2.07 and a current ratio of 1.22.

Westshore Terminals Investment (TSE:WTE) last released its quarterly earnings results on Friday, May 3rd. The company reported C$0.24 earnings per share for the quarter. Westshore Terminals Investment had a return on equity of 13.92% and a net margin of 26.97%. The company had revenue of C$84.76 million during the quarter. Research analysts predict that Westshore Terminals Investment will post 1.4634921 earnings per share for the current year.

Analysts Set New Price Targets

WTE has been the subject of a number of research reports. Scotiabank lowered their price target on Westshore Terminals Investment from C$27.00 to C$24.50 in a research report on Monday, May 6th. BMO Capital Markets decreased their target price on Westshore Terminals Investment from C$27.00 to C$26.00 in a research report on Friday, May 17th. Royal Bank of Canada cut their price target on Westshore Terminals Investment from C$27.00 to C$25.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 7th. Finally, CIBC dropped their price target on Westshore Terminals Investment from C$30.00 to C$29.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th.

Westshore Terminals Investment Company Profile

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.