Finning International Inc. (OTCMKTS:FINGF) Announces Dividend Increase – $0.19 Per Share

Finning International Inc. (OTCMKTS:FINGF – Get Rating) announced a dividend on Saturday, May 20th, investing.com reports. Shareholders of record on Thursday, May 25th will be paid a dividend of 0.1866 per share on Thursday, June 8th. This represents a yield of 2.75%. The ex-dividend date is Wednesday, May 24th. This is a positive change from Finning International’s previous dividend of $0.18.

Finning International Stock Performance

Shares of OTCMKTS:FINGF opened at $27.70 on Monday. Finning International has a 52-week low of $17.00 and a 52-week high of $29.61. The business has a fifty day moving average of $25.33 and a two-hundred day moving average of $25.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Finning International from C$43.00 to C$47.00 in a report on Wednesday, May 10th. Scotiabank increased their price target on Finning International from C$44.00 to C$45.00 in a report on Wednesday, February 8th. Raymond James raised their target price on Finning International from C$42.00 to C$43.00 in a report on Tuesday, May 9th. Finally, National Bank Financial cut Finning International from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 7th.

Finning International Company Profile

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Finning International, Inc engages in the sale, service, and renting out heavy equipment, engines, and related products. It operates through the following business segments: Canadian Operations, South American Operations, UK & Ireland Operations, and Other. The Canadian Operations segment is comprised of British Columbia, Alberta, Saskatchewan, Yukon, the Northwest Territories, and a portion of Nunavut.