Badger Infrastructure Solutions Ltd. (BDGI) to Issue Quarterly Dividend of $0.18 on July 15th

Badger Infrastructure Solutions Ltd. (TSE:BDGI) announced a quarterly dividend on Friday, June 28th, TickerTech reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.18 per share on Monday, July 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, June 28th. This is an increase from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17.

Badger Infrastructure Solutions Price Performance

Shares of TSE BDGI traded down C$0.28 during trading on Wednesday, reaching C$41.15. The company had a trading volume of 20,074 shares, compared to its average volume of 64,106. Badger Infrastructure Solutions has a 52 week low of C$25.30 and a 52 week high of C$51.50. The stock has a market cap of C$1.42 billion, a PE ratio of 25.72 and a beta of 1.18. The company has a debt-to-equity ratio of 100.32, a quick ratio of 1.49 and a current ratio of 1.72. The business’s 50 day moving average price is C$43.18 and its 200-day moving average price is C$44.61.

Insider Transactions at Badger Infrastructure Solutions

In other news, Senior Officer Juan Francisco Brondo Garcia purchased 4,500 shares of the stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of C$42.79 per share, with a total value of C$192,555.00. In related news, Senior Officer Juan Francisco Brondo Garcia bought 4,500 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of C$42.79 per share, with a total value of C$192,555.00. Also, Director Robert Dawson bought 1,600 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of C$43.40 per share, for a total transaction of C$69,441.44. Over the last ninety days, insiders have bought 8,900 shares of company stock valued at $359,195. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BDGI has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Badger Infrastructure Solutions from C$62.00 to C$63.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Acumen Capital raised their target price on shares of Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the company a “speculative buy” rating in a research report on Thursday, March 21st. Canaccord Genuity Group lifted their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the company a “buy” rating in a research report on Monday, March 4th. BMO Capital Markets lifted their price objective on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Finally, Scotiabank dropped their price objective on shares of Badger Infrastructure Solutions from C$52.00 to C$48.50 and set a “sector perform” rating for the company in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$53.06.

About Badger Infrastructure Solutions

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.