Trican Well Service Ltd. (TSE:TCW) Announces Dividend Increase – $0.05 Per Share

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, March 14th. This is a 11.1% increase from Trican Well Service’s previous quarterly dividend of $0.05.

Trican Well Service Stock Performance

TSE:TCW traded up C$0.07 during mid-day trading on Wednesday, hitting C$4.47. 242,456 shares of the stock were exchanged, compared to its average volume of 559,358. The firm’s 50-day simple moving average is C$4.83 and its 200 day simple moving average is C$4.80. The stock has a market capitalization of C$843.56 million, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. Trican Well Service has a fifty-two week low of C$3.99 and a fifty-two week high of C$5.45. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.75 and a current ratio of 2.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. TD Securities boosted their target price on shares of Trican Well Service from C$4.50 to C$5.00 and gave the company a “hold” rating in a research report on Thursday, February 20th. ATB Capital boosted their price objective on shares of Trican Well Service from C$5.50 to C$6.00 in a report on Tuesday, December 10th.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.