Element Fleet Management Corp. (TSE:EFN) to Issue Quarterly Dividend of $0.13

Element Fleet Management Corp. (TSE:EFN - Get Free Report) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.13 per share by the financial services provider on Tuesday, April 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, March 31st. This is a 8.3% increase from Element Fleet Management's previous quarterly dividend of $0.12.

Element Fleet Management Stock Performance

Element Fleet Management stock traded up C$0.33 during mid-day trading on Wednesday, reaching C$29.53. The company's stock had a trading volume of 285,589 shares, compared to its average volume of 578,557. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. Element Fleet Management has a twelve month low of C$21.20 and a twelve month high of C$30.49. The business has a 50 day moving average price of C$28.54 and a 200-day moving average price of C$28.79. The firm has a market cap of C$8.46 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.97 and a beta of 0.91.

Insider Buying and Selling

In related news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of C$27.78 per share, for a total transaction of C$499,991.40. Also, Senior Officer Carlos David Madrigal Gonzalez acquired 2,107 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of C$27.06 per share, with a total value of C$57,010.36. Corporate insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. CIBC boosted their price objective on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Raymond James lifted their target price on Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. Finally, National Bankshares dropped their price target on Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$34.00.

About Element Fleet Management

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.