Shawcor Ltd (SCL) to Issue Quarterly Dividend of $0.15 on November 30th

Shawcor Ltd (TSE:SCL) announced a quarterly dividend on Tuesday, November 6th, Zacks reports. Shareholders of record on Friday, November 16th will be given a dividend of 0.15 per share on Friday, November 30th. This represents a $0.60 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, November 15th.

Shares of TSE SCL opened at C$21.74 on Friday. The company has a debt-to-equity ratio of 25.55, a quick ratio of 1.71 and a current ratio of 2.22. Shawcor has a 12 month low of C$21.12 and a 12 month high of C$29.50.

Shawcor (TSE:SCL) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$0.14 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.08. The business had revenue of C$357.89 million for the quarter, compared to analyst estimates of C$336.20 million. Equities research analysts forecast that Shawcor will post 0.809999975500233 EPS for the current year.

Several analysts have commented on SCL shares. TD Securities cut shares of Shawcor from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$33.00 to C$31.00 in a research note on Wednesday, September 5th. Industrial Alliance Securities decreased their price objective on shares of Shawcor from C$34.00 to C$33.00 in a research note on Thursday, September 27th.

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About Shawcor

Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry worldwide. It operates in two segments, Pipeline and Pipe Services, and Petrochemical and Industrial. The company offers pipe coating, insulation coating, and weight coating systems, as well as custom coating and field joint application services for onshore and offshore pipelines; ultrasonic and radiographic pipeline girth weld inspection services for pipeline operators and construction contractors; manufactures and sells heat shrinkable sleeves, adhesives, and liquid coatings for pipeline joint protection applications; and designs and assembles engineered pipe logistics products and services.

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Dividend History for Shawcor (TSE:SCL)

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