Horizon North Logistics Inc. (HNL) to Issue Quarterly Dividend of $0.02 on January 15th

Horizon North Logistics Inc. (TSE:HNL) declared a quarterly dividend on Wednesday, November 1st, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.02 per share on Monday, January 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Thursday, December 28th.

Horizon North Logistics (TSE HNL) traded up C$0.04 during midday trading on Friday, hitting C$1.53. The stock had a trading volume of 265,000 shares, compared to its average volume of 243,235. The company has a market capitalization of $217.01, a price-to-earnings ratio of -19.13 and a beta of 1.33. Horizon North Logistics has a 1 year low of C$1.16 and a 1 year high of C$2.35.

A number of equities analysts have recently weighed in on HNL shares. Beacon Securities reaffirmed a “buy” rating on shares of Horizon North Logistics in a research note on Wednesday, September 13th. National Bank Financial dropped their price objective on Horizon North Logistics from C$2.40 to C$1.90 and set an “outperform” rating for the company in a research note on Monday, December 11th. Finally, Raymond James Financial upped their price objective on Horizon North Logistics from C$2.00 to C$2.15 and gave the stock an “outperform” rating in a research note on Friday, October 6th.

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Horizon North Logistics Company Profile

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

Dividend History for Horizon North Logistics (TSE:HNL)

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