Information Services Co. (TSE:ISV) Plans $0.23 Quarterly Dividend

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 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 31st.

Information Services Price Performance

TSE ISV traded down C$0.35 during trading hours on Thursday, hitting C$28.84. The company had a trading volume of 1,700 shares, compared to its average volume of 5,346. The company has a debt-to-equity ratio of 99.98, a quick ratio of 1.69 and a current ratio of 0.74. The firm has a market capitalization 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 firm has a 50 day simple moving average of C$28.50 and a 200 day simple moving average of C$26.95.

Information Services (TSE:ISV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter. Information Services had a net margin of 8.75% and a return on equity of 12.37%. The company had revenue of C$60.93 million for the quarter, compared to analysts’ expectations of C$63.40 million. Equities research analysts expect that Information Services will post 2.2194553 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ISV shares. CIBC lifted their price objective on shares of Information Services from C$32.00 to C$34.00 in a report on Friday, August 9th. Royal Bank of Canada upped their target price on Information Services from C$27.00 to C$30.00 in a research note 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.