Badger Infrastructure Solutions Ltd. (TSE:BDGI) to Issue Quarterly Dividend of $0.18

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) declared a quarterly dividend on Tuesday, December 31st,TickerTech Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.18 per share on Wednesday, January 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Tuesday, December 31st.

Badger Infrastructure Solutions Stock Up 1.0 %

Shares of BDGI stock traded up C$0.34 during trading hours on Tuesday, hitting C$35.88. 47,071 shares of the company were exchanged, compared to its average volume of 73,028. The company has a market capitalization of C$1.24 billion, a PE ratio of 21.88 and a beta of 1.14. Badger Infrastructure Solutions has a 52 week low of C$34.85 and a 52 week high of C$51.50. The business has a 50 day moving average of C$37.92 and a two-hundred day moving average of C$38.20. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 97.25.

Insider Activity at Badger Infrastructure Solutions

In other news, Director Stephanie Cuskley bought 1,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of C$38.97 per share, with a total value of C$38,971.20. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BDGI. Stifel Nicolaus decreased their target price on Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. CIBC raised their price target on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a research report on Friday, December 13th. Finally, Raymond James dropped their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$49.64.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.