Acumen Capital upgraded shares of Hammond Power Solutions (TSE:HPS – Free Report) to a strong-buy rating in a research report report published on Tuesday morning, Zacks.com reports.
Hammond Power Solutions Price Performance
Hammond Power Solutions (TSE:HPS – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.30 by C($0.32). The business had revenue of C$197.21 million during the quarter, compared to the consensus estimate of C$191.40 million.
Hammond Power Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Friday, September 20th.
About Hammond Power Solutions
John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.
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