Shares of Wajax Co. (TSE:WJX – Get Free Report) hit a new 52-week high on Friday following a dividend announcement from the company. The stock traded as high as C$28.72 and last traded at C$28.56, with a volume of 29236 shares trading hands. The stock had previously closed at C$27.51.
The newly announced dividend which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be paid a $0.33 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.67%. Wajax’s dividend payout ratio is currently 39.76%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on WJX shares. Raymond James lifted their price target on shares of Wajax from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, May 2nd. Scotiabank lifted their price objective on shares of Wajax from C$29.00 to C$30.00 in a report on Wednesday, May 3rd.
Wajax Stock Up 2.7 %
The company has a current ratio of 1.76, a quick ratio of 0.71 and a debt-to-equity ratio of 87.49. The stock has a market capitalization of C$607.09 million, a PE ratio of 8.51, a P/E/G ratio of 0.50 and a beta of 2.05. The stock’s fifty day simple moving average is C$25.62 and its 200-day simple moving average is C$24.19.
Wajax Company Profile
Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, skidders, track and wheel harvesters, and woodchippers.
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