Dye & Durham Limited (TSE:DND) Declares $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 paid a dividend of 0.019 per share on Thursday, November 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, November 14th.

Dye & Durham Price Performance

TSE DND opened at C$17.00 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. The stock has a market capitalization of C$1.14 billion, a PE ratio of -5.81 and a beta of 2.09. Dye & Durham has a 12-month low of C$10.90 and a 12-month high of C$20.01. The company has a 50 day moving average price of C$16.42 and a two-hundred day moving average price of C$14.29.

Dye & Durham (TSE:DND) last released its quarterly earnings data on Thursday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. The business had revenue of C$119.93 million during the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. As a group, equities analysts predict that Dye & Durham will post 0.1121051 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DND shares. Cormark decreased their target price on Dye & Durham from C$23.00 to C$17.50 in a research report on Monday, July 22nd. CIBC upped 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. Finally, BMO Capital Markets lifted their target price 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.