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

Morneau Shepell Inc (TSE:MSI) declared a monthly dividend on Tuesday, June 19th, Zacks reports. Investors of record on Friday, June 29th will be given a dividend of 0.065 per share on Monday, July 16th. This represents a $0.78 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, June 28th.

Shares of Morneau Shepell stock traded down C$0.14 during midday trading on Friday, hitting C$27.37. 62,300 shares of the company were exchanged, compared to its average volume of 95,634. Morneau Shepell has a 52 week low of C$19.80 and a 52 week high of C$27.90.

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Morneau Shepell (TSE:MSI) last posted its earnings results on Monday, May 7th. The company reported C$0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.25. The business had revenue of C$167.53 million during the quarter, compared to the consensus estimate of C$171.20 million. Morneau Shepell had a return on equity of 4.73% and a net margin of 2.70%.

Several research firms recently commented on MSI. Scotiabank raised their target price on Morneau Shepell from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Friday, March 9th. National Bank Financial lifted their price objective on Morneau Shepell to C$26.00 and gave the company an “outperform” rating in a research report on Tuesday, May 8th. CIBC lifted their price objective on Morneau Shepell from C$24.50 to C$27.25 in a research report on Friday, March 9th. Finally, TD Securities downgraded Morneau Shepell from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$25.00 to C$27.00 in a research report on Friday, March 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Morneau Shepell currently has an average rating of “Buy” and a consensus price target of C$25.54.

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.