Gamehost (TSE:GH) Hits New 1-Year High After Dividend Announcement

Gamehost Inc. (TSE:GH)’s share price hit a new 52-week high during trading on Monday after the company announced a dividend. The company traded as high as C$10.25 and last traded at C$10.30, with a volume of 21300 shares traded. The stock had previously closed at C$10.16.

The newly announced dividend which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.48 dividend on an annualized basis and a yield of 4.66%. Gamehost’s payout ratio is 49.48%.

Gamehost Price Performance

The business has a fifty day moving average of C$9.84 and a 200 day moving average of C$9.43. The firm has a market cap of C$219.90 million, a P/E ratio of 10.61, a PEG ratio of 17.43 and a beta of 1.55. The company has a quick ratio of 0.54, a current ratio of 0.73 and a debt-to-equity ratio of 53.10.

Gamehost (TSE:GH) last posted its quarterly earnings results on Tuesday, March 12th. The company reported C$0.25 earnings per share for the quarter. Gamehost had a return on equity of 19.80% and a net margin of 25.26%. The business had revenue of C$21.30 million for the quarter. On average, sell-side analysts anticipate that Gamehost Inc. will post 1 earnings per share for the current year.

Gamehost Company Profile

Gamehost Inc, together with its subsidiaries, operates hospitality and gaming properties in Alberta. It operates through Gaming, Hotel, and Food and Beverage segments. The company's gaming activities include the operation of company owned table games, electronic gaming tables, government owned slot machines, video lottery terminals, and lottery ticket kiosks, as well as the provision of food, beverage, and entertainment services.