TFI International Inc. (TFII) to Issue Quarterly Dividend of $0.40 on July 15th

TFI International Inc. (TSE:TFII) announced a quarterly dividend on Friday, June 28th, TickerTech reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.40 per share on Monday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, June 28th.

TFI International Stock Performance

TSE TFII traded up C$1.92 on Thursday, hitting C$193.45. 136,719 shares of the company traded hands, compared to its average volume of 201,138. The business’s 50 day moving average price is C$187.12 and its 200-day moving average price is C$190.11. TFI International has a 52-week low of C$142.92 and a 52-week high of C$220.93. The company has a current ratio of 1.66, a quick ratio of 1.18 and a debt-to-equity ratio of 113.80. The company has a market capitalization of C$16.36 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.01 and a beta of 1.44.

Insider Activity

In other news, Director Steven Brookshaw sold 6,577 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$187.89, for a total transaction of C$1,235,739.38. In other news, Director Steven Brookshaw sold 6,577 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$187.89, for a total transaction of C$1,235,739.38. Also, Director Alain Bédard sold 15,995 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of C$193.46, for a total transaction of C$3,094,381.50. Company insiders own 5.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TFII. Scotiabank cut their price objective on TFI International from C$235.00 to C$230.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Desjardins decreased their price objective on shares of TFI International from C$208.00 to C$207.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. National Bankshares raised shares of TFI International from a “sector perform” rating to an “outperform” rating and dropped their target price for the stock from C$222.00 to C$217.00 in a report on Monday, April 29th. Royal Bank of Canada raised their price target on TFI International from C$155.00 to C$173.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, CIBC lowered their price objective on TFI International from C$175.00 to C$172.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$184.88.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.