Pollard Banknote Limited Announces Quarterly Dividend of $0.05 (TSE:PBL)

Pollard Banknote Limited (TSE:PBL) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.05 per share on Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, March 31st.

Pollard Banknote Price Performance

Shares of TSE:PBL traded up C$0.28 during trading hours on Friday, hitting C$20.40. 7,591 shares of the company’s stock traded hands, compared to its average volume of 15,183. The company has a debt-to-equity ratio of 51.70, a quick ratio of 1.01 and a current ratio of 1.87. The company’s fifty day simple moving average is C$25.33 and its two-hundred day simple moving average is C$25.01. Pollard Banknote has a 52 week low of C$17.95 and a 52 week high of C$37.50. The company has a market cap of C$562.71 million, a price-to-earnings ratio of 11.70 and a beta of 0.63.

Analysts Set New Price Targets

PBL has been the subject of a number of recent analyst reports. Cormark decreased their price target on Pollard Banknote from C$42.00 to C$37.00 in a research report on Thursday. Raymond James decreased their target price on shares of Pollard Banknote from C$46.00 to C$39.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th.

About Pollard Banknote

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries and charitable gaming and eGaming systems. It provides instant tickets and lottery services including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, digital products, Social InstantsTM, retail management services, and instant ticket vending machines.