Enerflex Ltd. (TSE:EFX) Increases Dividend to $0.04 Per Share

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Monday, November 17th, TickerTech Dividends reports. Stockholders of record on Monday, December 1st will be paid a dividend of 0.0425 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, November 17th. This is a 13.3% increase from Enerflex’s previous quarterly dividend of $0.04.

Enerflex Price Performance

Shares of EFX traded up C$0.48 during trading hours on Friday, reaching C$18.66. 731,956 shares of the stock traded hands, compared to its average volume of 487,054. The company has a market cap of C$2.32 billion, a P/E ratio of 16.96 and a beta of 2.28. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The company’s 50-day moving average price is C$16.18 and its two-hundred day moving average price is C$12.88. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$19.40.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%.The business had revenue of C$1.08 billion during the quarter. On average, analysts anticipate that Enerflex will post 0.734413 earnings per share for the current year.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.