Wajax Co. (TSE:WJX) Plans $0.35 Quarterly Dividend

Wajax Co. (TSE:WJX) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.35 per share on Tuesday, January 7th. This represents a $1.40 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Monday, December 16th.

Wajax Stock Performance

TSE WJX opened at C$21.42 on Friday. The stock has a market capitalization of C$465.46 million, a price-to-earnings ratio of 6.84, a PEG ratio of 0.50 and a beta of 1.80. Wajax has a twelve month low of C$20.44 and a twelve month high of C$34.96. The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 103.38. The stock has a 50-day moving average of C$24.94 and a 200 day moving average of C$26.00.

Wajax (TSE:WJX) last released its quarterly earnings results on Thursday, August 8th. The company reported C$1.06 earnings per share for the quarter. The company had revenue of C$568.30 million during the quarter. Wajax had a return on equity of 14.06% and a net margin of 3.32%. Sell-side analysts anticipate that Wajax will post 3.4850136 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WJX shares. National Bankshares set a C$26.00 price target on Wajax and gave the stock a “sector perform” rating in a report on Friday, September 27th. TD Securities reduced their target price on Wajax from C$30.00 to C$24.00 and set a “buy” rating for the company in a report on Wednesday. National Bank Financial raised Wajax to a “hold” rating in a report on Thursday, September 26th. Scotiabank reduced their target price on Wajax from C$29.00 to C$24.00 in a report on Wednesday. Finally, BMO Capital Markets reduced their target price on Wajax from C$28.00 to C$24.00 in a report on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$24.50.

About Wajax

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.