DHX Media (DHXM) Raises Dividend to $0.01 Per Share
DHX Media (NASDAQ:DHXM) announced a quarterly dividend on Wednesday, September 28th. Shareholders of record on Tuesday, October 11th will be paid a dividend of 0.0138 per share on Friday, October 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, October 6th. This is an increase from DHX Media’s previous quarterly dividend of $0.01.
Shares of DHX Media (NASDAQ:DHXM) traded down 2.3764% during mid-day trading on Wednesday, reaching $5.3693. 13,922 shares of the company’s stock were exchanged. DHX Media has a one year low of $4.56 and a one year high of $7.40. The company has a 50 day moving average price of $5.81 and a 200-day moving average price of $5.50. The stock has a market cap of $671.45 million and a PE ratio of 27.2553.
A hedge fund recently raised its stake in DHX Media stock. FMR LLC raised its stake in DHX Media (NASDAQ:DHXM) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 779,710 shares of the company’s stock after buying an additional 60,560 shares during the period. FMR LLC owned about 0.62% of DHX Media worth $3,995,000 at the end of the most recent reporting period.
DHXM has been the topic of a number of analyst reports. TD Securities reiterated a “buy” rating and issued a $9.50 target price on shares of DHX Media in a research report on Tuesday, June 21st. RBC Capital Markets reaffirmed an “outperform” rating and set a $10.00 target price on shares of DHX Media in a research note on Friday, September 23rd. Finally, Scotiabank reaffirmed an “outperform” rating and set a $9.00 target price on shares of DHX Media in a research note on Friday, September 23rd. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $10.08.
About DHX Media
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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