Hardwoods Distribution Inc. (TSE:HDI) to Issue Quarterly Dividend of $0.12

Hardwoods Distribution Inc. (TSE:HDI – Get Rating) declared a quarterly dividend on Monday, April 18th, TickerTech reports. Shareholders of document on Friday, April 29th will be paid a dividend of .12 for each share on Friday, April 29th. This represents a $.48 dividend on an annualized basis and a dividend generate of 1.39%. The ex-dividend day is Monday, April 18th.

Shares of Hardwoods Distribution stock opened at C$34.41 on Friday. The agency has a 50-working day easy shifting common of C$39.80 and a two-hundred working day uncomplicated shifting common of C$41.25. The enterprise has a market place cap of C$815.48 million and a P/E ratio of 5.71. Hardwoods Distribution has a fifty-two 7 days minimal of C$28.18 and a fifty-two 7 days significant of C$49.58. The enterprise has a personal debt-to-fairness ratio of 135.96, a fast ratio of .59 and a recent ratio of 2.29.

Hardwoods Distribution (TSE:HDI – Get Rating) last issued its quarterly earnings knowledge on Monday, March 14th. The organization documented C$1.97 earnings for every share for the quarter, topping analysts’ consensus estimates of C$1.71 by C$.26. The firm had income of C$649.73 million during the quarter, when compared to analyst estimates of C$604.14 million. Equities study analysts forecast that Hardwoods Distribution will put up 6.0541283 EPS for the present 12 months.

Several analysis analysts not long ago weighed in on HDI shares. Canaccord Genuity Team upped their rate goal on shares of Hardwoods Distribution from C$74.00 to C$76.00 and gave the inventory a “buy” score in a exploration report on Wednesday, February 2nd. CIBC upped their rate goal on shares of Hardwoods Distribution from C$60.00 to C$61.00 and gave the stock an “outperform” ranking in a analysis report on Tuesday, February 1st. At last, Countrywide Bankshares upped their price target on shares of Hardwoods Distribution from C$79.00 to C$79.50 and gave the stock an “outperform” ranking in a exploration report on Tuesday, March 15th. 6 analysts have rated the inventory with a purchase score, Centered on info from MarketBeat, the organization presently has a consensus score of “Buy” and a consensus value goal of C$64.14.

Hardwoods Distribution Corporation Profile (Get Rating)

Hardwoods Distribution Inc engages in the wholesale distribution of architectural making solutions to the household, maintenance and remodel, and commercial building marketplaces. It offers a array of ornamental surfaces, together with architectural quality plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in industrial and residential purposes specialty plywood and composite panel items for household and professional cabinet, countertop, retail store fixture, and RV and household furniture industries and other goods comprising moldings, cupboard components, doors, millwork, adhesives, good floor products, and attractive laminates.

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