Finning International Inc. to Issue Quarterly Dividend of $0.19 (FTT)

Finning International Inc. (TSE:FTT) declared a quarterly dividend on Tuesday, February 6th, Zacks reports. Stockholders of record on Thursday, February 22nd will be given a dividend of 0.19 per share on Thursday, March 8th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Wednesday, February 21st.

Finning International (FTT) opened at C$33.22 on Friday. Finning International has a one year low of C$23.76 and a one year high of C$36.48. The company has a market cap of $5,590.00, a PE ratio of 25.36 and a beta of 1.04.

In other news, insider Juan Carlos Villegas sold 70,632 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of C$34.34, for a total transaction of C$2,425,502.88. Insiders have sold a total of 71,926 shares of company stock valued at $2,466,379 in the last quarter.

FTT has been the subject of a number of research analyst reports. CIBC upped their price objective on shares of Finning International from C$38.00 to C$40.00 in a research note on Wednesday, February 7th. TD Securities upped their price objective on shares of Finning International from C$36.00 to C$39.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Raymond James Financial downgraded shares of Finning International from an “outperform” rating to a “market perform” rating and set a C$36.25 price objective for the company. in a research note on Wednesday, February 7th. Scotiabank upped their price objective on shares of Finning International from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada set a C$40.00 price objective on shares of Finning International and gave the company an “outperform” rating in a research note on Monday, February 5th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Finning International presently has a consensus rating of “Buy” and an average price target of C$38.41.

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Finning International Company Profile

Finning International Inc is engaged in the selling, servicing and renting of heavy equipment, engines, and related products in various markets worldwide. Its segments include its Canadian operations, which include British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut; South American operations, which include Chile, Argentina, Bolivia, and Uruguay, the United Kingdom and Ireland operations, which include England, Scotland, Wales, Northern Ireland and the Republic of Ireland.

Dividend History for Finning International (TSE:FTT)

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