Guardian Capital Group Limited (TSE:GCG) to Issue Dividend Increase – $0.39 Per Share

Guardian Capital Group Limited (TSE:GCG) announced a quarterly dividend on Friday, April 11th, TickerTech Dividends reports. Shareholders of record on Thursday, April 17th will be given a dividend of 0.39 per share by the financial services provider on Thursday, April 17th. This represents a $1.56 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Friday, April 11th. This is a 5.4% increase from Guardian Capital Group’s previous quarterly dividend of $0.37.

Guardian Capital Group Price Performance

Shares of GCG stock opened at C$39.48 on Wednesday. Guardian Capital Group has a fifty-two week low of C$39.47 and a fifty-two week high of C$49.50. The company has a debt-to-equity ratio of 14.08, a quick ratio of 0.64 and a current ratio of 0.80. The firm has a market capitalization of C$964.57 million, a price-to-earnings ratio of 8.84 and a beta of 1.10. The stock’s 50-day simple moving average is C$42.47 and its 200-day simple moving average is C$42.54.

Wall Street Analysts Forecast Growth

Separately, CIBC boosted their target price on shares of Guardian Capital Group from C$44.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, March 7th.

Guardian Capital Group Company Profile

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.