Clairvest Group (TSE:CVG) Sets New 52-Week High Following Dividend Announcement

Clairvest Group Inc. (TSE:CVG)’s share price reached a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as C$78.21 and last traded at C$77.51, with a volume of 300 shares trading hands. The stock had previously closed at C$77.50.

The newly announced dividend which will be paid on Friday, July 24th. Shareholders of record on Friday, July 24th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, July 3rd. This represents a yield of 13.0%. Clairvest Group’s dividend payout ratio is currently 1.24%.

Clairvest Group Price Performance

The firm has a 50-day simple moving average of C$75.82 and a 200-day simple moving average of C$73.91. The firm has a market cap of C$1.04 billion, a P/E ratio of 9.64 and a beta of 0.16. The company has a current ratio of 19.89, a quick ratio of 2.73 and a debt-to-equity ratio of 0.53.

Clairvest Group (TSE:CVG) last released its quarterly earnings results on Thursday, June 25th. The company reported C$4.56 EPS for the quarter. The firm had revenue of C$99.50 million during the quarter. Clairvest Group had a return on equity of 9.03% and a net margin of 57.92%.

Clairvest Group Company Profile

Clairvest Group Inc is a Canadian equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.