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

TerraVest Industries Inc. (TSE:TVK - Get Free Report) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Thursday, April 10th will be given a dividend of 0.175 per share on Thursday, April 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.48%. 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 Stock Performance

Shares of TVK stock traded up C$1.59 on Wednesday, hitting C$145.94. The company had a trading volume of 29,959 shares, compared to its average volume of 107,982. TerraVest Industries has a twelve month low of C$65.18 and a twelve month high of C$152.07. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The firm has a market cap of C$2.87 billion, a P/E ratio of 43.06 and a beta of 0.66. The company has a 50-day moving average price of C$126.41 and a 200-day moving average price of C$115.87.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TVK shares. National Bankshares boosted their price target on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 18th. Canaccord Genuity Group lifted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Scotiabank increased their price objective on shares of TerraVest Industries from C$126.00 to C$140.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Finally, Desjardins lifted their price target on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, TerraVest Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of C$137.00.

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TerraVest Industries Company Profile

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.