Trican Well Service Ltd. (TCW) to Issue Quarterly Dividend of $0.05 on March 31st

Trican Well Service Ltd. (TSE:TCW) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Friday, March 14th. This is a 11.1% increase from Trican Well Service’s previous quarterly dividend of $0.05.

Trican Well Service Price Performance

Shares of TSE:TCW traded up C$0.07 during midday trading on Wednesday, hitting C$4.47. The company had a trading volume of 226,346 shares, compared to its average volume of 557,479. The business’s 50-day simple moving average is C$4.83 and its 200-day simple moving average is C$4.80. The stock has a market cap of C$843.56 million, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.22 and a beta of 1.73. The company has a debt-to-equity ratio of 5.89, a current ratio of 2.62 and a quick ratio of 1.75. Trican Well Service has a twelve month low of C$3.99 and a twelve month high of C$5.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Securities lifted their target price on shares of Trican Well Service from C$4.50 to C$5.00 and gave the stock a “hold” rating in a research note on Thursday, February 20th. ATB Capital increased their price objective on Trican Well Service from C$5.50 to C$6.00 in a research report on Tuesday, December 10th.

About Trican Well Service

Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. The company offers cementing solutions, including pre-flushes and spacers, cement plugs, lost circulation, cement design, and laboratory solutions, as well as surface, intermediate, production, liner, horizontal, and remedial/squeeze cementing services.