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

TerraVest Industries Inc. (TSE:TVK) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a 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 Price Performance

Shares of TVK traded down C$4.88 during trading hours on Friday, reaching C$140.32. 67,573 shares of the company’s stock traded hands, compared to its average volume of 111,203. 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 firm’s 50 day simple moving average is C$125.87 and its 200-day simple moving average is C$114.95. The stock has a market cap of C$2.75 billion, a PE ratio of 41.40 and a beta of 0.66. TerraVest Industries has a 12 month low of C$58.91 and a 12 month high of C$152.07.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TVK shares. Desjardins boosted their price target on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Canaccord Genuity Group increased their target price on TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Scotiabank lifted their price target on TerraVest Industries from C$126.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Finally, National Bankshares upped their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, 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.