TerraVest Industries Inc. (TSE:TVK) Increases Dividend to $0.18 Per Share

TerraVest Industries Inc. (TSE:TVK) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Thursday, April 10th will be paid a dividend of 0.175 per share on Thursday, April 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, March 31st. This is a 16.7% increase from TerraVest Industries’s previous quarterly dividend of $0.15.

TerraVest Industries Stock Performance

TVK stock traded down C$4.88 during mid-day trading on Friday, hitting C$140.32. 67,573 shares of the company were exchanged, compared to its average volume of 111,203. TerraVest Industries has a 1-year low of C$58.91 and a 1-year high of C$152.07. The business has a 50 day simple moving average of C$125.87 and a 200-day simple moving average of C$114.95. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The stock has a market capitalization of C$2.75 billion, a PE ratio of 41.40 and a beta of 0.66.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. National Bankshares upped their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a report on Tuesday, March 18th. Canaccord Genuity Group raised their target price on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Desjardins increased their price target on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Finally, Scotiabank lifted their price objective on TerraVest Industries from C$126.00 to C$140.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$137.00.

About TerraVest Industries

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.