Element Fleet Management Corp. (EFN) to Issue Quarterly Dividend of $0.13 on April 15th

Element Fleet Management Corp. (TSE:EFN) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.13 per share by the financial services provider on Tuesday, April 15th. This represents a $0.52 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Monday, March 31st. This is a 8.3% increase from Element Fleet Management’s previous quarterly dividend of $0.12.

Element Fleet Management Stock Down 1.9 %

EFN traded down C$0.55 during midday trading on Friday, hitting C$28.70. The company had a trading volume of 597,818 shares, compared to its average volume of 573,229. The company has a market capitalization of C$8.23 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.97 and a beta of 0.91. The stock’s 50 day moving average price is C$28.54 and its 200 day moving average price is C$28.78. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. Element Fleet Management has a 52 week low of C$21.20 and a 52 week high of C$30.49.

Analyst Upgrades and Downgrades

EFN has been the topic of several recent research reports. Raymond James increased their price target on Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. National Bankshares cut their target price on Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, CIBC boosted their price target on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$34.00.

Insider Activity

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of C$27.78 per share, with a total value of C$499,991.40. Also, Senior Officer Carlos David Madrigal Gonzalez purchased 2,107 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of C$27.06 per share, for a total transaction of C$57,010.36. Insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.