McCoy Global (TSE:MCB) Reaches New 52-Week High After Dividend Announcement

McCoy Global Inc. (TSE:MCB)’s share price reached a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as C$2.49 and last traded at C$2.44, with a volume of 80968 shares trading hands. The stock had previously closed at C$2.36.

The newly announced dividend which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, September 27th. McCoy Global’s dividend payout ratio is presently 25.81%.

McCoy Global Stock Up 8.3 %

The stock has a market cap of C$70.67 million, a price-to-earnings ratio of 8.39 and a beta of 0.58. The company has a current ratio of 3.13, a quick ratio of 1.26 and a debt-to-equity ratio of 6.50. The business’s fifty day simple moving average is C$2.05 and its 200 day simple moving average is C$2.01.

McCoy Global (TSE:MCB) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.11 earnings per share (EPS) for the quarter. McCoy Global had a net margin of 11.88% and a return on equity of 15.52%. The company had revenue of C$19.91 million during the quarter. Equities analysts forecast that McCoy Global Inc. will post 0.3003901 earnings per share for the current fiscal year.

About McCoy Global

McCoy Global Inc provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry. The company's products are used during the well construction phase for land and offshore wells during oil and gas exploration and development.