Badger Daylighting (BAD) Hits New 12-Month High After Dividend Announcement

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Badger Daylighting Ltd (TSE:BAD) shares hit a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as C$46.45 and last traded at C$46.38, with a volume of 270462 shares traded. The stock had previously closed at C$44.13.

The newly announced dividend which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.047 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.17%. Badger Daylighting’s payout ratio is 31.16%.

A number of research firms have recently weighed in on BAD. BMO Capital Markets upped their target price on Badger Daylighting from C$41.00 to C$49.00 in a research report on Thursday, March 14th. Industrial Alliance Securities downgraded Badger Daylighting from a “hold” rating to a “sell” rating and upped their target price for the company from C$40.00 to C$41.00 in a research report on Saturday, April 13th. Canaccord Genuity upped their target price on Badger Daylighting from C$47.00 to C$53.00 in a research report on Wednesday. Finally, Cormark upped their target price on Badger Daylighting from C$40.00 to C$48.00 in a research report on Thursday, March 14th.

The company has a debt-to-equity ratio of 27.92, a current ratio of 2.76 and a quick ratio of 2.61. The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of 26.40.

Badger Daylighting (TSE:BAD) last announced its quarterly earnings data on Tuesday, March 12th. The company reported C$0.63 earnings per share for the quarter, topping the consensus estimate of C$0.54 by C$0.09. The business had revenue of C$178.61 million for the quarter. Equities analysts forecast that Badger Daylighting Ltd will post 2.6900002083803 EPS for the current year.

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About Badger Daylighting (TSE:BAD)

Badger Daylighting Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; potholing; and slot trenching services for perimeter slot trenching, exposing existing cables or conduits, cable or conduit and drain tile installation, and line fault repairs.

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