Wajax Corp (WJX) Announces $0.25 Quarterly Dividend

Wajax Corp (TSE:WJX) announced a quarterly dividend on Monday, November 5th, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.25 per share on Thursday, January 3rd. This represents a $1.00 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend is Thursday, December 13th.

WJX traded up C$0.15 during trading on Friday, hitting C$17.22. The company’s stock had a trading volume of 51,400 shares, compared to its average volume of 28,951. The company has a debt-to-equity ratio of 63.09, a current ratio of 2.24 and a quick ratio of 0.86. Wajax has a twelve month low of C$16.72 and a twelve month high of C$28.17.

Wajax (TSE:WJX) last issued its quarterly earnings data on Monday, November 5th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$367.42 million during the quarter. On average, analysts forecast that Wajax will post 2.56 earnings per share for the current fiscal year.

Several brokerages have commented on WJX. Raymond James raised their price objective on Wajax from C$28.50 to C$29.50 and gave the company a “market perform” rating in a report on Monday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a C$29.00 price objective on shares of Wajax in a report on Monday, October 29th. BMO Capital Markets raised their price objective on Wajax from C$27.00 to C$29.00 in a report on Monday, August 13th. Finally, TD Securities raised their price objective on Wajax from C$33.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$30.00.

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About Wajax

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

Further Reading: Stock Symbols and CUSIP Explained

Dividend History for Wajax (TSE:WJX)

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