Badger Daylighting Ltd (BAD) Announces Monthly Dividend of $0.05

Badger Daylighting Ltd (TSE:BAD) announced a monthly dividend on Thursday, September 27th, TickerTech reports. Investors of record on Monday, October 15th will be paid a dividend of 0.045 per share on Monday, October 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, September 27th.

Shares of TSE BAD traded up C$0.41 during trading hours on Wednesday, reaching C$29.14. The stock had a trading volume of 113,024 shares, compared to its average volume of 137,446. Badger Daylighting has a fifty-two week low of C$22.37 and a fifty-two week high of C$32.71.

Badger Daylighting (TSE:BAD) last announced its earnings results on Monday, August 13th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.11). The firm had revenue of C$147.55 million during the quarter, compared to analyst estimates of C$138.20 million. Badger Daylighting had a net margin of 11.46% and a return on equity of 22.53%.

In related news, insider Michael James Tunney acquired 2,250 shares of Badger Daylighting stock in a transaction on Thursday, August 30th. The stock was purchased at an average cost of C$22.19 per share, with a total value of C$49,927.50. Over the last ninety days, insiders have acquired 2,715 shares of company stock valued at $61,475.

A number of analysts recently issued reports on BAD shares. BMO Capital Markets upped their target price on Badger Daylighting from C$31.00 to C$37.00 in a research report on Friday, June 22nd. Industrial Alliance Securities raised Badger Daylighting from a “hold” rating to a “buy” rating and upped their price objective for the company from C$34.50 to C$36.50 in a research note on Tuesday, August 14th.

About Badger Daylighting

Badger Daylighting Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; potholing; and slot trenching services for perimeter slot trenching, exposing existing cables or conduits, cable or conduit and drain tile installation, and line fault repairs.

See Also: Earnings Per Share

Dividend History for Badger Daylighting (TSE:BAD)

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