Black Diamond Group Limited (TSE:BDI) Plans Quarterly Dividend of $0.04

Black Diamond Group Limited (TSE:BDI) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.035 per share on Wednesday, January 15th. This represents a $0.14 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Black Diamond Group’s previous quarterly dividend of $0.03.

Black Diamond Group Stock Down 0.4 %

Shares of TSE BDI opened at C$9.37 on Friday. Black Diamond Group has a 52-week low of C$7.40 and a 52-week high of C$10.27. The business’s 50 day moving average is C$9.08 and its two-hundred day moving average is C$9.07. The firm has a market cap of C$561.36 million, a price-to-earnings ratio of 19.52 and a beta of 1.54. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 84.84.

Insider Buying and Selling

In other Black Diamond Group news, Senior Officer Michael Lenard Ridley sold 9,329 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$9.37, for a total value of C$87,412.73. Also, Senior Officer Tobias Gerald Labrie sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$9.40, for a total transaction of C$141,000.00. Over the last quarter, insiders sold 58,049 shares of company stock worth $545,432. Corporate insiders own 23.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Cormark raised Black Diamond Group to a “moderate buy” rating in a research report on Wednesday, December 18th.

Black Diamond Group Company Profile

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America.