goeasy Ltd. (TSE:GSY) to Issue Dividend Increase – $1.46 Per Share

goeasy Ltd. (TSE:GSY) announced a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Shareholders of record on Friday, April 11th will be given a dividend of 1.46 per share on Friday, April 11th. This represents a $5.84 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, March 28th. This is a 24.8% increase from goeasy’s previous quarterly dividend of $1.17.

goeasy Price Performance

Shares of GSY opened at C$153.55 on Wednesday. The company has a 50 day moving average of C$166.93 and a 200-day moving average of C$171.83. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63. The stock has a market capitalization of C$2.57 billion, a P/E ratio of 9.33, a P/E/G ratio of 0.84 and a beta of 1.87. goeasy has a twelve month low of C$140.73 and a twelve month high of C$206.02.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of goeasy from C$228.00 to C$215.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Raymond James upped their target price on goeasy from C$230.00 to C$245.00 in a report on Tuesday, February 18th. Finally, BMO Capital Markets upgraded goeasy from a “market perform” rating to an “outperform” rating and decreased their price target for the company from C$207.00 to C$200.00 in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, goeasy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$223.00.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.