Sylogist Ltd. Announces Quarterly Dividend of $0.01 (TSE:SYZ)

Sylogist Ltd. (TSE:SYZ) declared a quarterly dividend on Friday, November 29th,Zacks Dividends reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.01 per share on Wednesday, December 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, November 29th.

Sylogist Price Performance

Sylogist stock opened at C$10.05 on Thursday. The company has a debt-to-equity ratio of 53.47, a quick ratio of 0.51 and a current ratio of 0.45. Sylogist has a one year low of C$6.51 and a one year high of C$11.60. The company has a market cap of C$234.67 million, a P/E ratio of 1,005.00 and a beta of 0.82. The business has a fifty day moving average of C$10.88 and a two-hundred day moving average of C$10.48.

Insider Activity

In other news, Director Taylor Gray sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$10.81, for a total value of C$108,100.00. Company insiders own 3.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Cormark upped their target price on shares of Sylogist from C$12.25 to C$14.00 in a research report on Friday, August 9th. Acumen Capital set a C$13.25 price target on Sylogist in a report on Friday, August 9th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sylogist has an average rating of “Buy” and a consensus price target of C$12.96.

About Sylogist

Sylogist Ltd., a software company, provides mission-critical software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company offers SylogistMission constituent relationship management system, which includes donor management, fundraising, volunteer management, and program delivery; and enterprise resource management, such as accounting and financial management, grant and award management, budget management, payroll and human resources, analytics and reporting, and support and training.