Enerflex Ltd. (NYSE:EFXT) Shareholders to Collect C$0.04 Quarterly Dividend

Enerflex Ltd. (NYSE:EFXT) announced a quarterly dividend on Wednesday, October 28th. Investors 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 annualized dividend 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 payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

EFXT opened at $23.40 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Enerflex has a 1 year low of $12.46 and a 1 year high of $29.15. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 54.41 and a beta of 1.80. The stock has a fifty day moving average price of $22.95 and a 200 day moving average price of $22.50.

Enerflex (NYSE:EFXT) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. The company had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $632.70 million. Analysts forecast that Enerflex will post 1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerflex

A number of large investors have recently bought and sold shares of EFXT. Financial Management Professionals Inc. purchased a new stake in shares of Enerflex in the second quarter worth approximately $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Enerflex during the 2nd quarter valued at approximately $79,000. Deutsche Bank AG bought a new stake in shares of Enerflex in the second quarter valued at $158,000. Wellington Altus USA Inc. purchased a new stake in shares of Enerflex during the 2nd quarter valued at approximately $185,000. Finally, Independent Financial Group LLC purchased a new position in Enerflex in the 1st quarter valued at approximately $221,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Enerflex Company Profile

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.