TerraVest Industries Inc. (TSE:TVK) to Issue Dividend Increase – $0.18 Per Share

TerraVest Industries Inc. (TSE:TVK) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Thursday, April 10th will be paid a dividend of 0.175 per share on Thursday, April 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Monday, March 31st. This is a 16.7% increase from TerraVest Industries’s previous quarterly dividend of $0.15.

TerraVest Industries Trading Down 3.4 %

TVK stock traded down C$4.88 during trading on Friday, hitting C$140.32. The company had a trading volume of 67,573 shares, compared to its average volume of 111,203. The stock has a market cap of C$2.75 billion, a price-to-earnings ratio of 41.40 and a beta of 0.66. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The firm has a 50-day moving average price of C$125.87 and a 200-day moving average price of C$114.95. TerraVest Industries has a 12 month low of C$58.91 and a 12 month high of C$152.07.

Analyst Ratings Changes

A number of analysts recently commented on the company. National Bankshares lifted their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 18th. Scotiabank upped their price target on TerraVest Industries from C$126.00 to C$140.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Desjardins lifted their price objective on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Company Profile

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.