Pollard Banknote Limited (PBL) to Issue Quarterly Dividend of $0.05 on October 15th

Pollard Banknote Limited (TSE:PBL) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.05 per share on Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, September 27th.

Pollard Banknote Stock Up 10.1 %

Shares of PBL opened at C$25.58 on Wednesday. Pollard Banknote has a 12-month low of C$17.95 and a 12-month high of C$37.75. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 45.40. The company has a market capitalization of C$692.19 million, a PE ratio of 18.40 and a beta of 0.62. The business’s 50 day moving average is C$24.13 and its 200 day moving average is C$30.11.

Pollard Banknote (TSE:PBL) last released its earnings results on Tuesday, August 13th. The company reported C$0.43 EPS for the quarter. The firm had revenue of C$137.80 million for the quarter, compared to the consensus estimate of C$138.58 million. Pollard Banknote had a net margin of 7.17% and a return on equity of 13.34%. Research analysts expect that Pollard Banknote will post 2.0258549 earnings per share for the current fiscal year.

Insider Buying and Selling at Pollard Banknote

In related news, Senior Officer Riva Jean Richard sold 2,000 shares of Pollard Banknote stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$25.00, for a total transaction of C$50,000.00. Company insiders own 64.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James increased their price target on Pollard Banknote from C$40.50 to C$44.00 in a research note on Thursday, August 15th. Canaccord Genuity Group boosted their price target on shares of Pollard Banknote from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Cormark dropped their price objective on shares of Pollard Banknote from C$34.00 to C$33.00 in a research note on Thursday, August 15th. Finally, Acumen Capital lowered their price target on shares of Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

About Pollard Banknote

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally. It operates through four segments: Lotteries, Charitable Gaming, eGaming systems, and Retail. The company designs, manufactures, and distributes instant tickets, as well as offers related services.