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McCoy Global (TSE:MCB) Hits New 52-Week High Following Dividend Announcement

McCoy Global logo with Energy background

McCoy Global Inc. (TSE:MCB - Get Free Report)'s share price reached a new 52-week high on Monday after the company announced a dividend. The company traded as high as C$2.49 and last traded at C$2.44, with a volume of 80968 shares trading hands. The stock had previously closed at C$2.36.

The newly announced dividend which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.08 annualized dividend and a dividend yield of 3.33%. McCoy Global's dividend payout ratio is presently 25.81%.

McCoy Global Stock Performance

The firm has a market cap of C$65.23 million, a price-to-earnings ratio of 7.74 and a beta of 0.58. The company has a quick ratio of 1.26, a current ratio of 3.13 and a debt-to-equity ratio of 6.50. The company has a 50 day moving average of C$2.05 and a 200 day moving average of C$2.01.

McCoy Global (TSE:MCB - Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The company reported C$0.11 EPS for the quarter. McCoy Global had a return on equity of 15.52% and a net margin of 11.88%. The business had revenue of C$19.91 million during the quarter. As a group, equities research analysts expect that McCoy Global Inc. will post 0.3003901 EPS for the current fiscal year.

About McCoy Global

(Get Free Report)

McCoy Global Inc provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry. The company's products are used during the well construction phase for land and offshore wells during oil and gas exploration and development.

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