Titan America SA (NYSE:TTAM) to Issue Dividend of $0.38

Titan America SA (NYSE:TTAM) announced a dividend on Tuesday, April 1st, investing.com reports. Investors of record on Monday, April 7th will be paid a dividend of 0.38 per share on Tuesday, April 15th. This represents a yield of 5.73%. The ex-dividend date of this dividend is Friday, April 4th.

Titan America Stock Performance

Shares of NYSE TTAM opened at $13.16 on Wednesday. Titan America has a 12-month low of $12.61 and a 12-month high of $17.78.

Titan America (NYSE:TTAM) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $389.82 million during the quarter, compared to analyst estimates of $393.17 million.

Wall Street Analyst Weigh In

TTAM has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on shares of Titan America in a research note on Wednesday, March 5th. They issued a “buy” rating and a $19.00 target price for the company. BNP Paribas raised Titan America to a “hold” rating in a research report on Tuesday, March 4th. Hsbc Global Res upgraded Titan America to a “strong-buy” rating in a research report on Wednesday, March 12th. Sanford C. Bernstein assumed coverage on Titan America in a report on Tuesday, March 4th. They issued a “market perform” rating and a $17.00 price target for the company. Finally, Stifel Nicolaus cut their price objective on shares of Titan America from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.43.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials.