Hardwoods Distribution Inc (HWD) to Issue Quarterly Dividend of $0.07 on January 26th

Hardwoods Distribution Inc (TSE:HWD) announced a quarterly dividend on Tuesday, November 14th, Zacks reports. Stockholders of record on Monday, January 15th will be given a dividend of 0.072 per share on Friday, January 26th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, January 12th.

Shares of Hardwoods Distribution (TSE HWD) opened at C$20.56 on Thursday. Hardwoods Distribution has a 12 month low of C$16.00 and a 12 month high of C$22.00. The company has a market cap of $439.24, a price-to-earnings ratio of 13.99 and a beta of 0.37.

Several research analysts recently issued reports on the stock. Canaccord Genuity set a C$23.00 target price on shares of Hardwoods Distribution and gave the stock a “buy” rating in a research note on Monday, September 25th. National Bank Financial cut their target price on shares of Hardwoods Distribution from C$27.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th.

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About Hardwoods Distribution

Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.

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