Canaccord Genuity Group Inc. (TSE:CF) to Issue $0.09 Quarterly Dividend

Canaccord Genuity Group Inc. (TSE:CF) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.085 per share by the financial services provider on Tuesday, December 10th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, November 29th.

Canaccord Genuity Group Stock Down 7.0 %

Canaccord Genuity Group stock opened at C$9.70 on Friday. Canaccord Genuity Group has a 1-year low of C$6.50 and a 1-year high of C$10.50. The stock has a market capitalization of C$937.70 million, a price-to-earnings ratio of -97.00, a PEG ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 52.93, a current ratio of 1.21 and a quick ratio of 1.05. The business has a fifty day moving average price of C$9.17 and a 200-day moving average price of C$8.85.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$0.13 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.08). Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. The business had revenue of C$428.17 million during the quarter, compared to analyst estimates of C$424.52 million. Equities research analysts forecast that Canaccord Genuity Group will post 0.8618357 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James decreased their target price on Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Ventum Cap Mkts raised Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th. Finally, TD Securities cut their price target on shares of Canaccord Genuity Group from C$11.00 to C$10.00 in a research note on Tuesday, August 13th.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.