Westshore Terminals Investment Corp (WTE) to Issue Quarterly Dividend of $0.16 on April 15th

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Westshore Terminals Investment Corp (TSE:WTE) announced a quarterly dividend on Monday, March 18th, Zacks reports. Stockholders of record on Sunday, March 31st will be paid a dividend of 0.16 per share on Monday, April 15th. This represents a $0.64 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, March 28th.

Shares of TSE WTE traded up C$0.03 during trading hours on Friday, reaching C$20.00. 303,400 shares of the stock traded hands, compared to its average volume of 220,484. The stock has a market cap of $1.35 billion and a price-to-earnings ratio of 11.79. Westshore Terminals Investment has a 52-week low of C$17.64 and a 52-week high of C$27.50.

A number of equities analysts recently weighed in on WTE shares. CIBC decreased their price objective on Westshore Terminals Investment from C$27.00 to C$22.00 in a report on Wednesday. TD Securities dropped their target price on Westshore Terminals Investment from C$27.00 to C$20.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets dropped their target price on Westshore Terminals Investment from C$25.00 to C$19.00 and set a “market perform” rating on the stock in a report on Monday, March 18th.

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About Westshore Terminals Investment

Westshore Terminals Investment Corporation, through its limited partner interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from five mines in British Columbia and one mine in Alberta, as well as from three mines in the north-western United States.

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Dividend History for Westshore Terminals Investment (TSE:WTE)

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