Guardian Capital Group Ltd. (TSE:GCG) declared a quarterly dividend on Friday, April 7th. Stockholders of record on Tuesday, April 18th will be paid a dividend of 0.10 per share on Tuesday, April 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, April 7th. This is a positive change from Guardian Capital Group’s previous quarterly dividend of $0.09.
Guardian Capital Group (TSE:GCG) opened at 26.00 on Friday. The stock has a market cap of $727.01 million and a price-to-earnings ratio of 11.20. Guardian Capital Group has a 12 month low of $18.35 and a 12 month high of $27.97. The stock’s 50 day moving average price is $26.06 and its 200-day moving average price is $24.35.
GCG has been the subject of a number of research reports. Canaccord Genuity boosted their target price on shares of Guardian Capital Group from C$24.00 to C$28.00 and gave the company a “buy” rating in a research report on Monday, January 9th. BMO Capital Markets restated an “outperform” rating and set a C$30.00 target price on shares of Guardian Capital Group in a research report on Friday.
In other Guardian Capital Group news, insider Guardian Capital Group Limited bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was bought at an average cost of C$24.99 per share, for a total transaction of C$1,249,500.00.
About Guardian Capital Group
Guardian Capital Group Limited is a Canada-based financial services company. The Company serves the wealth management needs of a range of clients. It operates through three segments: institutional and private wealth investment management; financial advisory, which includes an insurance managing general agency (MGA), a mutual fund dealer and a securities dealer (together, the Dealers), and corporate activities and investments.