Westshore Terminals Investment Co. (TSE:WTE) to Issue Quarterly Dividend of $0.38

Westshore Terminals Investment Co. (TSE:WTE) declared a quarterly dividend on Friday, May 3rd, Zacks reports. Investors of record on Sunday, June 30th will be paid a dividend of 0.375 per share on Monday, July 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Friday, June 28th.

Westshore Terminals Investment Stock Performance

Westshore Terminals Investment stock opened at C$22.75 on Thursday. Westshore Terminals Investment has a 12-month low of C$21.93 and a 12-month high of C$32.50. The company has a quick ratio of 2.07, a current ratio of 1.22 and a debt-to-equity ratio of 62.47. The business’s 50-day moving average price is C$23.73 and its two-hundred day moving average price is C$25.59. The stock has a market cap of C$1.42 billion, a PE ratio of 14.49 and a beta of 0.87.

Westshore Terminals Investment (TSE:WTE) last released its earnings results on Friday, May 3rd. The company reported C$0.24 earnings per share (EPS) for the quarter. Westshore Terminals Investment had a return on equity of 13.92% and a net margin of 26.97%. The firm had revenue of C$84.76 million for the quarter. As a group, analysts expect that Westshore Terminals Investment will post 1.4634921 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WTE shares. BMO Capital Markets decreased their target price on Westshore Terminals Investment from C$27.00 to C$26.00 in a research report on Friday, May 17th. Royal Bank of Canada reduced their price target on Westshore Terminals Investment from C$27.00 to C$25.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 7th. Scotiabank reduced their price target on Westshore Terminals Investment from C$27.00 to C$24.50 in a report on Monday, May 6th. Finally, CIBC reduced their price target on Westshore Terminals Investment from C$30.00 to C$29.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.