Fiera Capital Corp (TSE:FSZ) to Issue Quarterly Dividend of $0.21

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Fiera Capital Corp (TSE:FSZ) declared a quarterly dividend on Friday, August 23rd, TickerTech reports. Investors of record on Monday, September 23rd will be paid a dividend of 0.21 per share on Monday, September 23rd. This represents a $0.84 annualized dividend and a yield of 8.20%. The ex-dividend date of this dividend is Friday, August 23rd.

Shares of TSE FSZ opened at C$10.25 on Wednesday. The stock has a 50 day moving average price of C$10.98 and a 200 day moving average price of C$11.79. Fiera Capital has a 52 week low of C$10.08 and a 52 week high of C$13.35. The company has a debt-to-equity ratio of 106.94, a quick ratio of 1.08 and a current ratio of 1.40. The stock has a market capitalization of $1.03 billion and a PE ratio of -82.00.

In other Fiera Capital news, Director Jean-Guy Desjardins sold 9,565 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$11.30, for a total value of C$108,086.41. Following the sale, the director now owns 8,377 shares in the company, valued at C$94,661.78.

Several research analysts recently commented on the company. Royal Bank of Canada reduced their price target on Fiera Capital from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research report on Thursday, August 15th. Desjardins reissued a “buy” rating on shares of Fiera Capital in a research report on Thursday, July 4th. CIBC increased their price target on Fiera Capital from C$14.50 to C$15.00 in a research report on Monday, April 29th. National Bank Financial reduced their price target on Fiera Capital from C$14.50 to C$13.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Finally, TD Securities dropped their price objective on Fiera Capital from C$12.50 to C$11.50 and set a “hold” rating on the stock in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$13.08.

Fiera Capital Company Profile

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.

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Dividend History for Fiera Capital (TSE:FSZ)

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