Wajax Co. (TSE:WJX) Announces Quarterly Dividend of $0.35

Wajax Co. (TSE:WJX) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.35 per share on Wednesday, October 2nd. This represents a $1.40 annualized dividend and a dividend yield of 5.80%. The ex-dividend date is Monday, September 16th.

Wajax Trading Down 4.8 %

TSE WJX traded down C$1.22 on Friday, reaching C$24.15. The stock had a trading volume of 101,211 shares, compared to its average volume of 35,045. Wajax has a 12-month low of C$23.15 and a 12-month high of C$34.96. The company has a quick ratio of 0.71, a current ratio of 1.91 and a debt-to-equity ratio of 107.15. The stock has a fifty day moving average price of C$25.85 and a two-hundred day moving average price of C$29.38. The firm has a market capitalization of C$524.06 million, a price-to-earnings ratio of 6.88, a P/E/G ratio of 0.50 and a beta of 1.81.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WJX shares. TD Securities dropped their target price on Wajax from C$37.00 to C$34.00 and set a “buy” rating for the company in a research report on Monday, May 6th. BMO Capital Markets lowered their target price on shares of Wajax from C$32.00 to C$30.00 in a research note on Wednesday, July 24th. Finally, Scotiabank dropped their price target on shares of Wajax from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and 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; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.