TFI International Inc (TFI) to Issue Quarterly Dividend of $0.61 on January 15th

TFI International Inc (TSE:TFI) declared a quarterly dividend on Monday, October 21st, Zacks reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.609 per share on Wednesday, January 15th. This represents a $2.44 annualized dividend and a yield of ∞. The ex-dividend date is Tuesday, December 31st. This is a boost from TFI International’s previous quarterly dividend of $0.54.

TFI International Price Performance

TFI International (TSE:TFI) last posted its earnings results on Thursday, July 25th. The company reported C$2.34 earnings per share for the quarter, beating the consensus estimate of C$2.17 by C$0.17. The company had revenue of C$3.10 billion for the quarter, compared to the consensus estimate of C$3.14 billion.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TFI shares. Desjardins cut shares of TFI International from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Cormark upgraded shares of TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Stephens cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Wolfe Research upgraded shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Citigroup upgraded shares of TFI International to a “strong-buy” rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.