AirBoss of America Corp. (TSE:BOS) Declares $0.04 Quarterly Dividend

AirBoss of America Corp. (TSE:BOS) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.035 per share on Tuesday, October 15th. This represents a $0.14 annualized dividend and a yield of 3.26%. The ex-dividend date is Monday, September 30th.

AirBoss of America Price Performance

Shares of BOS traded down C$0.01 during trading hours on Thursday, hitting C$4.29. The stock had a trading volume of 1,370 shares, compared to its average volume of 24,434. The stock has a market capitalization of C$116.39 million, a price-to-earnings ratio of -1.75, a P/E/G ratio of -550.53 and a beta of 2.03. The company has a debt-to-equity ratio of 83.63, a current ratio of 2.26 and a quick ratio of 1.07. The company’s fifty day moving average is C$5.40 and its two-hundred day moving average is C$5.45. AirBoss of America has a 52 week low of C$3.65 and a 52 week high of C$6.31.

Insiders Place Their Bets

In other news, Director Peter Grenville Schoch purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of C$5.75 per share, with a total value of C$57,500.00. Company insiders own 34.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on BOS. TD Securities boosted their price objective on AirBoss of America from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research note on Monday, May 6th. Cormark increased their price objective on shares of AirBoss of America from C$5.25 to C$6.00 in a report on Friday, May 10th. National Bankshares dropped their target price on shares of AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a research note on Tuesday, July 16th. Finally, CIBC increased their price target on shares of AirBoss of America from C$4.75 to C$5.75 in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$6.00.

AirBoss of America Company Profile

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.