Morneau Shepell Inc Declares Monthly Dividend of $0.07 (MSI)

Morneau Shepell Inc (TSE:MSI) announced a monthly dividend on Tuesday, February 27th, TickerTech reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.065 per share on Thursday, March 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, February 27th.

Shares of Morneau Shepell (TSE:MSI) traded up C$0.04 during trading hours on Thursday, hitting C$23.76. 15,805 shares of the company’s stock were exchanged, compared to its average volume of 107,208. The firm has a market cap of $1,280.00, a price-to-earnings ratio of 37.14 and a beta of 0.68. Morneau Shepell has a 52 week low of C$18.65 and a 52 week high of C$24.08.

In other news, insider Sr. William Frank Morneau sold 50,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of C$22.25, for a total transaction of C$1,112,500.00. Insiders have sold a total of 52,095 shares of company stock valued at $1,159,305 in the last three months.

A number of equities research analysts have issued reports on the stock. TD Securities lifted their target price on shares of Morneau Shepell from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. National Bank Financial lifted their target price on shares of Morneau Shepell from C$22.50 to C$24.00 and gave the company an “outperform” rating in a research note on Monday, November 27th. Laurentian Bank of Canada reissued a “buy” rating and set a C$25.00 target price on shares of Morneau Shepell in a research note on Tuesday, December 12th. Finally, Laurentian set a C$25.00 target price on shares of Morneau Shepell and gave the company a “buy” rating in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$23.60.

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Morneau Shepell Company Profile

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.

Dividend History for Morneau Shepell (TSE:MSI)

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