Hardwoods Distribution Inc (TSE:HWD) announced a quarterly dividend on Monday, August 14th, Zacks reports. Investors of record on Monday, October 16th will be given a dividend of 0.072 per share on Friday, October 27th. This represents a $0.29 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, October 13th. This is a boost from Hardwoods Distribution’s previous quarterly dividend of $0.05.

Shares of Hardwoods Distribution (TSE HWD) opened at 20.50 on Friday. The company has a market capitalization of $437.94 million and a PE ratio of 13.90. Hardwoods Distribution has a 1-year low of $16.00 and a 1-year high of $20.69. The company’s 50-day moving average price is $19.82 and its 200-day moving average price is $18.53.

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Separately, Canaccord Genuity set a C$23.00 target price on Hardwoods Distribution and gave the stock a “buy” rating in a report on Monday, September 25th.

About Hardwoods Distribution

Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.

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