Element Fleet Management Corp. (EFN) to Issue Quarterly Dividend of $0.13 on April 15th

Element Fleet Management Corp. (TSE:EFN) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.13 per share by the financial services provider on Tuesday, April 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, March 31st. This is a 8.3% increase from Element Fleet Management’s previous quarterly dividend of $0.12.

Element Fleet Management Price Performance

Shares of TSE:EFN traded down C$0.55 on Friday, reaching C$28.70. 597,818 shares of the company were exchanged, compared to its average volume of 573,229. The company has a 50-day moving average of C$28.54 and a 200-day moving average of C$28.78. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. The firm has a market cap of C$8.23 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 1-year low of C$21.20 and a 1-year high of C$30.49.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EFN. National Bankshares dropped their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. CIBC lifted their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Raymond James boosted their target price on Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$34.00.

Insider Activity

In other news, Senior Officer Carlos David Madrigal Gonzalez bought 2,107 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of C$27.06 per share, for a total transaction of C$57,010.36. Also, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of C$27.78 per share, with a total value of C$499,991.40. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.