Morneau Shepell Inc Plans Monthly Dividend of $0.07 (TSE:MSI)

Morneau Shepell Inc (TSE:MSI) declared a monthly dividend on Wednesday, May 20th, Zacks reports. Shareholders of record on Friday, May 29th will be given a dividend of 0.065 per share on Monday, June 15th. This represents a $0.78 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, May 28th.

TSE MSI traded down C$0.10 on Friday, reaching C$32.14. 11,320 shares of the company were exchanged, compared to its average volume of 149,606. The business’s fifty day moving average price is C$30.95 and its 200 day moving average price is C$32.63. The stock has a market capitalization of $2.06 billion and a P/E ratio of 43.99. The company has a current ratio of 2.26, a quick ratio of 2.03 and a debt-to-equity ratio of 97.69. Morneau Shepell has a fifty-two week low of C$24.42 and a fifty-two week high of C$35.54.

Morneau Shepell (TSE:MSI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.56 earnings per share for the quarter. The company had revenue of C$243.05 million for the quarter. Equities research analysts forecast that Morneau Shepell will post 1.02 earnings per share for the current year.

In other news, Senior Officer Stephen Liptrap acquired 3,500 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average price of C$27.75 per share, for a total transaction of C$97,125.00. Following the acquisition, the insider now owns 12,600 shares of the company’s stock, valued at C$349,650.

MSI has been the topic of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a C$37.00 target price on shares of Morneau Shepell in a research report on Tuesday, April 14th. CIBC lifted their target price on Morneau Shepell from C$33.00 to C$38.00 in a research report on Monday, May 11th. TD Securities downgraded Morneau Shepell from a “buy” rating to a “hold” rating and reduced their target price for the company from C$38.00 to C$36.00 in a research report on Monday, May 11th. National Bank Financial lifted their target price on Morneau Shepell from C$31.00 to C$36.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Scotiabank lifted their target price on Morneau Shepell from C$34.00 to C$36.00 in a research report on Monday, February 24th.

About Morneau Shepell

Morneau Shepell Inc operates as a human resources consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

Further Reading: Earnings Per Share (EPS)

Dividend History for Morneau Shepell (TSE:MSI)

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