Pollard Banknote Limited (TSE:PBL) to Issue $0.05 Quarterly Dividend

Pollard Banknote Limited (TSE:PBL) announced a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be paid a dividend of 0.05 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

Pollard Banknote Stock Performance

PBL stock opened at C$17.25 on Friday. The company has a market capitalization of C$466.92 million, a P/E ratio of 17.97 and a beta of 1.17. The company has a 50-day simple moving average of C$17.00 and a 200 day simple moving average of C$18.34. Pollard Banknote has a fifty-two week low of C$15.70 and a fifty-two week high of C$23.50. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 45.17.

Pollard Banknote (TSE:PBL) last released its earnings results on Wednesday, May 13th. The company reported C$0.13 EPS for the quarter. Pollard Banknote had a net margin of 4.47% and a return on equity of 7.15%. The firm had revenue of C$141.64 million for the quarter. Sell-side analysts predict that Pollard Banknote will post 2.0250184 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PBL has been the subject of several recent analyst reports. Raymond James Financial cut shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$29.00 to C$21.50 in a report on Thursday, May 14th. ATB Cormark Capital Markets cut their target price on Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Pollard Banknote presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.17.

Pollard Banknote Company Profile

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries and charitable gaming and eGaming systems. It provides instant tickets and lottery services including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, digital products, Social InstantsTM, retail management services, and instant ticket vending machines.