TerraVest Industries Inc. (TVK) to Issue Quarterly Dividend of $0.18 on April 10th

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 Stock Performance

Shares of TVK traded down C$4.88 on Friday, reaching C$140.32. 67,573 shares of the company’s stock traded hands, compared to its average volume of 111,203. The stock’s 50 day simple moving average is C$125.87 and its two-hundred day simple moving average is C$114.95. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. TerraVest Industries has a 52-week low of C$58.91 and a 52-week high of C$152.07. The stock has a market cap of C$2.75 billion, a PE ratio of 41.40 and a beta of 0.66.

Analyst Upgrades and Downgrades

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

About TerraVest Industries

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.