Information Services Co. to Issue Quarterly Dividend of $0.23 (TSE:ISV)

Information Services Co. (TSE:ISV) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.23 per share on Wednesday, January 15th. This represents a $0.92 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 31st.

Information Services Stock Down 1.2 %

Information Services stock opened at C$28.84 on Thursday. The company’s 50-day moving average price is C$28.50 and its two-hundred day moving average price is C$26.95. The stock has a market cap of C$522.87 million, a price-to-earnings ratio of 25.30, a PEG ratio of 1.19 and a beta of 0.59. Information Services has a 52 week low of C$19.72 and a 52 week high of C$30.00. The company has a current ratio of 0.74, a quick ratio of 1.69 and a debt-to-equity ratio of 99.98.

Information Services (TSE:ISV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. Information Services had a return on equity of 12.37% and a net margin of 8.75%. The firm had revenue of C$60.93 million during the quarter, compared to analyst estimates of C$63.40 million. On average, analysts expect that Information Services will post 2.2194553 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ISV has been the topic of several recent research reports. Royal Bank of Canada lifted their price objective on shares of Information Services from C$27.00 to C$30.00 in a research note on Friday, August 9th. CIBC increased their target price on shares of Information Services from C$32.00 to C$34.00 in a research report on Friday, August 9th.

About Information Services

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.