Separately, BMO Capital Markets boosted their price objective on Valener from C$21.00 to C$22.00 in a research note on Monday.
Valener stock opened at C$22.03 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 10.44. The firm has a market capitalization of $860.39 million and a price-to-earnings ratio of 14.28. Valener has a 52 week low of C$18.10 and a 52 week high of C$22.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Friday, March 29th. Valener’s dividend payout ratio is currently 77.77%.
Valener Company Profile
Valener Inc, through its subsidiaries, engages in the natural gas business in Canada and the United States. Its Energy Distribution segment engages in the natural gas distribution activities in Quebec and Vermont, as well as electricity distribution activities in Vermont to 205,000 customers through a pipeline network of approximately 11,000 kilometers in Quebec, as well as 50,000 customers in residential, commercial, and industrial markets through a network of 1,500 kilometers.
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