Pollard Banknote Limited Announces Quarterly Dividend of $0.05 (TSE:PBL)

Pollard Banknote Limited (TSE:PBL) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.05 per share on Tuesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, September 30th.

Pollard Banknote Stock Performance

Shares of TSE:PBL traded up C$0.64 on Thursday, reaching C$21.25. 3,048 shares of the company’s stock were exchanged, compared to its average volume of 12,880. The company has a fifty day moving average of C$27.97 and a 200-day moving average of C$32.40. Pollard Banknote has a twelve month low of C$17.95 and a twelve month high of C$37.75. The company has a current ratio of 1.64, a quick ratio of 1.01 and a debt-to-equity ratio of 44.64. The company has a market capitalization of C$575.03 million, a price-to-earnings ratio of 16.76 and a beta of 0.62.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PBL. Canaccord Genuity Group reduced their price target on shares of Pollard Banknote from C$40.00 to C$28.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Acumen Capital reduced their price objective on Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Raymond James reduced their price target on Pollard Banknote from C$43.00 to C$40.50 in a report on Friday, May 10th.

Pollard Banknote Company Profile

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally. It operates through four segments: Lotteries, Charitable Gaming, eGaming systems, and Retail. The company designs, manufactures, and distributes instant tickets, as well as offers related services.