Guardian Capital Group Ltd. (TSE:GCG) to Issue $0.16 Quarterly Dividend

Guardian Capital Group Ltd. (TSE:GCG) announced a quarterly dividend on Thursday, July 9th, TickerTech reports. Shareholders of record on Friday, July 17th will be given a dividend of 0.16 per share by the financial services provider on Friday, July 17th. This represents a $0.64 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, July 9th.

Guardian Capital Group stock opened at C$21.26 on Tuesday. The company has a debt-to-equity ratio of 25.41, a quick ratio of 0.72 and a current ratio of 0.75. The firm has a market capitalization of $585.69 million and a price-to-earnings ratio of -6.77. Guardian Capital Group has a fifty-two week low of C$15.26 and a fifty-two week high of C$28.88. The stock’s fifty day moving average is C$20.86 and its two-hundred day moving average is C$23.19.

Guardian Capital Group (TSE:GCG) last posted its earnings results on Wednesday, May 13th. The financial services provider reported C($5.35) earnings per share for the quarter. The business had revenue of C$49.90 million during the quarter. As a group, sell-side analysts forecast that Guardian Capital Group will post 0.99 EPS for the current fiscal year.

Several analysts have weighed in on the company. Scotiabank lowered their target price on Guardian Capital Group from C$29.00 to C$22.00 in a report on Tuesday, March 24th. BMO Capital Markets lowered their target price on Guardian Capital Group from C$27.00 to C$22.00 in a report on Friday, March 27th.

About Guardian Capital Group

Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada, the United Kingdom, the United States, and the Caribbean. It manages institutional assets for pension plans, insurers, foundations, endowments, third-party mutual funds, and ETFs; and provides private wealth management services to individuals, families, and charitable organizations.

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Dividend History for Guardian Capital Group (TSE:GCG)

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