Morneau Shepell (MSI) Reaches New 12-Month High Following Dividend Announcement

Morneau Shepell Inc (TSE:MSI)’s share price reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as C$29.25 and last traded at C$29.17, with a volume of 43397 shares trading hands. The stock had previously closed at C$28.72.

The newly announced dividend which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be given a dividend of $0.065 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.78 annualized dividend and a yield of 2.63%. Morneau Shepell’s payout ratio is 301.16%.

MSI has been the subject of a number of analyst reports. TD Securities increased their target price on shares of Morneau Shepell from C$30.00 to C$31.00 and gave the stock a “hold” rating in a report on Thursday, May 9th. National Bank Financial increased their target price on shares of Morneau Shepell from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th.

The company has a market capitalization of $1.84 billion and a PE ratio of 114.67. The company has a debt-to-equity ratio of 95.16, a quick ratio of 1.10 and a current ratio of 1.39.

Morneau Shepell (TSE:MSI) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.06 by C($0.01). The company had revenue of C$200.76 million for the quarter, compared to the consensus estimate of C$203.60 million. On average, equities analysts anticipate that Morneau Shepell Inc will post 0.789999995438179 EPS for the current fiscal year.

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About Morneau Shepell (TSE:MSI)

Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

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