Evertz Technologies Limited (ET) to Issue $0.18 Quarterly Dividend
Evertz Technologies Limited (TSE:ET) declared a quarterly dividend on Thursday, December 14th, Zacks reports. Stockholders of record on Friday, December 22nd will be given a dividend of 0.18 per share on Friday, December 29th. This represents a $0.72 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, December 21st.
Shares of Evertz Technologies (TSE:ET) traded up C$0.15 during mid-day trading on Wednesday, hitting C$18.54. 12,615 shares of the stock were exchanged, compared to its average volume of 20,021. Evertz Technologies has a twelve month low of C$15.92 and a twelve month high of C$19.73.
ET has been the topic of a number of research reports. Canaccord Genuity boosted their price objective on shares of Evertz Technologies from C$19.50 to C$20.25 in a research report on Wednesday, September 13th. Raymond James Financial boosted their price objective on shares of Evertz Technologies from C$18.00 to C$19.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 13th. Finally, BMO Capital Markets boosted their price objective on shares of Evertz Technologies from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th.
Evertz Technologies Limited is an equipment provider to the television broadcast telecommunications and media industries. The Company designs, manufactures and markets video and audio infrastructure equipment for the production, post-production and transmission of television content. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their multi-channel digital and high definition television (HDTV) and high bandwidth low latency Internet Protocol (IP) network environments, and by telecommunications and new-media companies.
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