Shawcor Ltd Plans Quarterly Dividend of $0.15 (SCL)

Shawcor Ltd (TSE:SCL) declared a quarterly dividend on Friday, November 17th, TickerTech reports. Stockholders of record on Thursday, November 30th will be given a dividend of 0.15 per share on Thursday, November 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, November 17th.

Shawcor (SCL) traded down C$0.31 during midday trading on Thursday, hitting C$25.38. 160,009 shares of the stock were exchanged, compared to its average volume of 130,081. Shawcor has a 1 year low of C$24.20 and a 1 year high of C$39.95.

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Several brokerages have weighed in on SCL. TD Securities set a C$33.00 target price on shares of Shawcor and gave the company a “buy” rating in a research note on Saturday, September 23rd. National Bank Financial raised their target price on shares of Shawcor from C$35.00 to C$36.00 in a research note on Monday. Scotiabank upgraded shares of Shawcor from an “underperform” rating to a “sector perform” rating and set a C$32.00 target price for the company in a research note on Tuesday. Finally, BMO Capital Markets lowered their target price on shares of Shawcor from C$42.00 to C$36.00 in a research note on Monday, August 14th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$36.00.

Shawcor Company Profile

Shawcor Ltd is a Canada-based energy services company. The Company is engaged in designing, engineering, marketing and selling products and services, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable.

Dividend History for Shawcor (TSE:SCL)

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