TerraVest Industries Inc. (TSE:TVK) Raises Dividend to $0.18 Per Share

TerraVest Industries Inc. (TSE:TVK) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Thursday, April 10th will be given a dividend of 0.175 per share on Thursday, April 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Monday, March 31st. This is a 16.7% increase from TerraVest Industries’s previous quarterly dividend of $0.15.

TerraVest Industries Trading Down 3.4 %

TSE:TVK traded down C$4.88 on Friday, reaching C$140.32. The stock had a trading volume of 67,573 shares, compared to its average volume of 111,203. TerraVest Industries has a 12-month low of C$58.91 and a 12-month high of C$152.07. The company has a market cap of C$2.75 billion, a price-to-earnings ratio of 41.40 and a beta of 0.66. The firm’s fifty day moving average is C$125.87 and its two-hundred day moving average is C$114.95. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

Analyst Upgrades and Downgrades

TVK has been the subject of several analyst reports. Canaccord Genuity Group upped their target price on TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Scotiabank increased their target price on TerraVest Industries from C$126.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. National Bankshares boosted their price target on TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 18th. Finally, Desjardins raised their target price on TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$137.00.

About TerraVest Industries

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.