Titan America SA (NYSE:TTAM) Plans $0.04 Quarterly Dividend

Titan America SA (NYSE:TTAM) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, October 1st will be paid a dividend of 0.04 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, October 1st.

Titan America Stock Performance

Titan America stock traded down $0.74 during midday trading on Wednesday, hitting $16.88. 30,112 shares of the company’s stock were exchanged, compared to its average volume of 301,227. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.96 and a current ratio of 2.99. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. Titan America has a 12-month low of $13.29 and a 12-month high of $19.57. The firm’s 50 day simple moving average is $17.04 and its 200 day simple moving average is $16.86.

Titan America (NYSE:TTAM) last announced its earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.06). Titan America had a net margin of 11.08% and a return on equity of 18.35%. The business had revenue of $470.63 million during the quarter. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Equities research analysts predict that Titan America will post 1.09 EPS for the current year.

About Titan America

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).