Valener Inc (VNR) Announces Quarterly Dividend of $0.30

Valener Inc (TSE:VNR) announced a quarterly dividend on Friday, February 8th, Zacks reports. Shareholders of record on Sunday, March 31st will be given a dividend of 0.30 per share on Monday, April 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Friday, March 29th.

TSE:VNR remained flat at $C$26.20 during trading hours on Monday. 152,991 shares of the company’s stock were exchanged, compared to its average volume of 127,379. The company has a debt-to-equity ratio of 10.44, a quick ratio of 1.19 and a current ratio of 1.19. Valener has a fifty-two week low of C$18.10 and a fifty-two week high of C$26.24. The company has a market cap of $1.03 billion and a P/E ratio of 16.98.

Valener (TSE:VNR) last issued its quarterly earnings data on Friday, February 8th. The company reported C$0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.53 by C$0.10. The business had revenue of C$36.70 million for the quarter. As a group, equities analysts predict that Valener will post 1.47999997514504 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Industrial Alliance Securities boosted their price objective on shares of Valener from C$25.00 to C$26.00 and gave the company a “tender” rating in a research report on Thursday, March 28th. BMO Capital Markets upped their target price on shares of Valener from C$21.00 to C$22.00 in a report on Monday, February 11th. Royal Bank of Canada upped their target price on shares of Valener from C$22.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Thursday, March 28th. National Bank Financial upped their target price on shares of Valener from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Thursday, March 21st. Finally, Desjardins downgraded shares of Valener from a “hold” rating to a “tender” rating and upped their target price for the stock from C$22.50 to C$26.00 in a report on Thursday, March 28th.

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About Valener

Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.

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Dividend History for Valener (TSE:VNR)

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