TFI International Inc. (TSE:TFII) Shareholders Set to Receive $0.47 Quarterly Dividend

TFI International Inc. (TSE:TFII) announced a quarterly dividend on Tuesday, September 29th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.47 per share on Thursday, October 15th. This represents a $1.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 29th.

TFI International Trading Down 0.6%

Shares of TFII stock traded down C$0.96 during mid-day trading on Friday, reaching C$171.28. The stock had a trading volume of 314,308 shares, compared to its average volume of 238,557. The firm has a market capitalization of C$14.08 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.85. The stock’s 50-day moving average price is C$191.09 and its two-hundred day moving average price is C$188.82. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 111.46. TFI International has a 52-week low of C$113.72 and a 52-week high of C$233.85.

TFI International (TSE:TFII) last posted its earnings results on Monday, July 27th. The company reported C$2.63 earnings per share for the quarter. The company had revenue of C$3.25 billion during the quarter. TFI International had a net margin of 4.11% and a return on equity of 12.39%. Equities analysts expect that TFI International will post 12.2345048 earnings per share for the current fiscal year.

Analyst Ratings Changes

TFII has been the subject of several research analyst reports. Scotiabank raised shares of TFI International from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from C$200.00 to C$260.00 in a research report on Thursday, July 16th. National Bank Financial cut their price objective on TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Finally, Desjardins upped their target price on TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$184.40.

TFI International Company Profile

TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.