Dye & Durham Limited (TSE:DND) Announces $0.02 Quarterly Dividend

Dye & Durham Limited (TSE:DND) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Thursday, November 14th will be given a dividend of 0.019 per share on Thursday, November 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Thursday, November 14th.

Dye & Durham Price Performance

Shares of Dye & Durham stock opened at C$17.76 on Tuesday. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98. Dye & Durham has a fifty-two week low of C$10.90 and a fifty-two week high of C$20.01. The firm has a fifty day moving average price of C$16.36 and a two-hundred day moving average price of C$14.28. The company has a market cap of C$1.19 billion, a PE ratio of -6.06 and a beta of 2.09.

Dye & Durham (TSE:DND) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. The company had revenue of C$119.93 million during the quarter, compared to the consensus estimate of C$120.30 million. Analysts expect that Dye & Durham will post 0.1121051 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on DND. Cormark reduced their price objective on shares of Dye & Durham from C$23.00 to C$17.50 in a report on Monday, July 22nd. BMO Capital Markets raised their price objective on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, CIBC raised their price objective on shares of Dye & Durham from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$22.08.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.