Enerflex Ltd. (EFXT) To Go Ex-Dividend on November 12th

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, November 12th will be paid a dividend of C$0.04 per share on Wednesday, November 25th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 17.6% decrease from Enerflex’s previous quarterly dividend of C$0.04.

Enerflex has a dividend payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerflex to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 6.7%.

Enerflex Stock Performance

Shares of NYSE:EFXT traded down $0.43 during midday trading on Friday, hitting $23.87. The company’s stock had a trading volume of 41,772 shares, compared to its average volume of 595,453. The stock’s 50 day simple moving average is $22.95 and its 200 day simple moving average is $22.50. Enerflex has a fifty-two week low of $12.46 and a fifty-two week high of $29.15. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 55.44 and a beta of 1.80. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. The firm had revenue of $623.00 million during the quarter, compared to the consensus estimate of $632.70 million. Enerflex had a net margin of 2.06% and a return on equity of 11.76%. As a group, research analysts anticipate that Enerflex will post 1.32 earnings per share for the current year.

About Enerflex

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.