Black Diamond Group Limited (TSE:BDI) Plans Quarterly Dividend of $0.03

Posted by Samantha Reynolds on Aug 3rd, 2024

Black Diamond Group Limited (TSE:BDI – Get Free Report) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.03 per share on Tuesday, October 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, September 30th.

Black Diamond Group Stock Up 0.9 %

Shares of BDI traded up C$0.08 during trading on Friday, reaching C$9.32. The company’s stock had a trading volume of 77,702 shares, compared to its average volume of 54,485. The company has a fifty day moving average of C$8.25 and a two-hundred day moving average of C$8.59. Black Diamond Group has a twelve month low of C$5.80 and a twelve month high of C$9.92. The company has a market cap of C$571.97 million, a price-to-earnings ratio of 21.18 and a beta of 1.62. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 73.81.

Black Diamond Group (TSE:BDI – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.06). The business had revenue of C$73.60 million during the quarter, compared to analyst estimates of C$88.60 million. Black Diamond Group had a net margin of 7.11% and a return on equity of 9.95%. On average, sell-side analysts predict that Black Diamond Group will post 0.4202128 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BDI has been the topic of several research reports. Canaccord Genuity Group dropped their price target on Black Diamond Group from C$11.00 to C$10.25 and set a “buy” rating on the stock in a research report on Monday, May 6th. BMO Capital Markets upped their price target on Black Diamond Group from C$11.00 to C$12.00 in a research report on Friday.

Get Our Latest Report on BDI

About Black Diamond Group

(Get Free Report)

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.