NFI Group Inc Announces Quarterly Dividend of $0.21 (TSE:NFI)

NFI Group Inc (TSE:NFI) announced a quarterly dividend on Monday, June 15th, Zacks reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.213 per share on Wednesday, July 15th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Monday, June 29th.

NFI Group stock opened at C$16.81 on Friday. The stock’s 50 day moving average price is C$16.56 and its 200 day moving average price is C$22.49. The company has a market cap of $1.08 billion and a PE ratio of -40.70. NFI Group has a 1-year low of C$9.12 and a 1-year high of C$38.14. The company has a debt-to-equity ratio of 181.19, a current ratio of 1.83 and a quick ratio of 0.71.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.12). The company had revenue of C$953.65 million during the quarter, compared to analysts’ expectations of C$828.14 million. On average, equities research analysts anticipate that NFI Group will post 1.4500002 EPS for the current fiscal year.

Several brokerages recently issued reports on NFI. CIBC reduced their price objective on NFI Group from C$26.00 to C$22.00 in a report on Friday, May 8th. Scotiabank reduced their price objective on NFI Group from C$38.00 to C$24.00 in a report on Tuesday, March 24th. AltaCorp Capital reduced their price objective on NFI Group from C$35.00 to C$30.00 in a report on Tuesday, March 24th. BMO Capital Markets reduced their price objective on NFI Group from C$22.00 to C$17.00 in a report on Wednesday, March 25th. Finally, TD Securities cut their price target on NFI Group from C$16.50 to C$16.00 and set a “hold” rating for the company in a report on Tuesday, April 7th.

In other NFI Group news, Director Adam L. Gray bought 11,700 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of C$16.99 per share, for a total transaction of C$198,783.00. Following the completion of the purchase, the director now owns 4,152,646 shares of the company’s stock, valued at approximately C$70,553,455.54. Also, Senior Officer Brian Keith Dewsnup sold 7,407 shares of the company’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of C$18.94, for a total value of C$140,303.39. Following the completion of the transaction, the insider now owns 36,210 shares of the company’s stock, valued at C$685,889.82. Over the last three months, insiders bought 756,900 shares of company stock valued at $11,985,241 and sold 536,507 shares valued at $9,866,261.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.

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Dividend History for NFI Group (TSE:NFI)

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