Hardwoods Distribution Inc (TSE:HDI) announced a quarterly dividend on Thursday, October 10th, TickerTech reports. Investors of record on Friday, October 25th will be given a dividend of 0.08 per share on Friday, October 25th. This represents a $0.32 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, October 10th.

Hardwoods Distribution stock opened at C$11.12 on Tuesday. The business has a 50-day simple moving average of C$11.69 and a two-hundred day simple moving average of C$12.37. The company has a market cap of $237.38 million and a P/E ratio of 8.49. Hardwoods Distribution has a 52-week low of C$10.04 and a 52-week high of C$16.23. The company has a quick ratio of 0.77, a current ratio of 2.02 and a debt-to-equity ratio of 71.61.

Hardwoods Distribution (TSE:HDI) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.42 by C($0.02). The business had revenue of C$304.55 million during the quarter, compared to analyst estimates of C$306.40 million. Research analysts anticipate that Hardwoods Distribution will post 1.51 EPS for the current fiscal year.

HDI has been the subject of a number of recent research reports. National Bank Financial boosted their price target on Hardwoods Distribution from C$18.00 to C$18.50 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. CIBC cut their price target on Hardwoods Distribution from C$16.00 to C$15.00 in a research note on Friday, July 5th.

Hardwoods Distribution Company Profile

Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential and commercial construction sectors in Canada and the United States. The company offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, and solid surfaces.

Further Reading: Outstanding Shares and The Effect on Share Price

Receive News & Ratings for Hardwoods Distribution Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hardwoods Distribution and related companies with MarketBeat.com's FREE daily email newsletter.