Dynacor Group Inc. (DNG) to Issue Monthly Dividend of $0.01 on September 17th

Dynacor Group Inc. (TSE:DNG) announced a monthly dividend on Thursday, August 29th, Zacks reports. Stockholders of record on Tuesday, September 10th will be paid a dividend of 0.012 per share on Tuesday, September 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, September 10th.

Dynacor Group Trading Up 0.8 %

TSE:DNG opened at C$4.91 on Friday. The stock has a fifty day simple moving average of C$5.22 and a 200 day simple moving average of C$5.02. The firm has a market capitalization of C$178.87 million, a price-to-earnings ratio of 8.93 and a beta of 1.10. Dynacor Group has a 1-year low of C$3.01 and a 1-year high of C$5.75. The company has a quick ratio of 3.50, a current ratio of 4.66 and a debt-to-equity ratio of 0.62.

Dynacor Group (TSE:DNG) last announced its earnings results on Wednesday, August 14th. The company reported C$0.16 EPS for the quarter. The company had revenue of C$92.26 million during the quarter, compared to analysts’ expectations of C$90.31 million. Dynacor Group had a net margin of 5.83% and a return on equity of 16.93%. Sell-side analysts forecast that Dynacor Group will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

Separately, Singular Research raised shares of Dynacor Group to a “strong-buy” rating in a research note on Sunday, June 16th.

About Dynacor Group

Dynacor Group Inc engages in the exploration, development, and mining of minerals properties in Peru. The company explores for gold, silver, copper, and other precious metal deposits. Its flagship property is the Tumipampa project covering an area of 5,796 hectares located in the Circa district, Peru.