Morneau Shepell (MSI) Hits New 1-Year High at $22.29

Morneau Shepell Inc. (TSE:MSI) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$22.29 and last traded at C$22.25, with a volume of 27560 shares traded. The stock had previously closed at C$21.88.

Several research analysts have recently issued reports on MSI shares. TD Securities boosted their price objective on shares of Morneau Shepell from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. National Bank Financial boosted their price objective on shares of Morneau Shepell from C$22.50 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, November 27th.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.065 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.78 dividend on an annualized basis and a yield of 3.56%. Morneau Shepell’s payout ratio is currently 121.88%.

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About Morneau Shepell

Morneau Shepell Inc is a Canada-based company, which provides health and productivity, administrative and retirement solutions to assist employers in managing the financial security, health and productivity of their employees. The Company offers its services to organizations that are situated in Canada, the United States and internationally.

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