DHX Media (DHXM) to Issue Quarterly Dividend of $0.01 on October 21st
DHX Media (NASDAQ:DHXM) announced a quarterly dividend on Wednesday, September 28th. Shareholders of record on Tuesday, October 11th will be paid a dividend of 0.0138 per share on Friday, October 21st. This represents a $0.06 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, October 6th. This is a positive change from DHX Media’s previous quarterly dividend of $0.01.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.44 on Wednesday. The stock has a market cap of $727.73 million and a PE ratio of 32.77. DHX Media has a 12 month low of $4.56 and a 12 month high of $7.40. The firm’s 50-day moving average is $5.76 and its 200 day moving average is $5.49.
A hedge fund recently raised its stake in DHX Media stock. FMR LLC raised its stake in DHX Media (NASDAQ:DHXM) by 8.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 779,710 shares of the company’s stock after buying an additional 60,560 shares during the period. FMR LLC owned about 0.62% of DHX Media worth $3,995,000 at the end of the most recent reporting period.
Several equities analysts have recently commented on the stock. TD Securities reissued a “buy” rating and issued a $9.50 target price on shares of DHX Media in a report on Tuesday, June 21st. RBC Capital Markets reissued an “outperform” rating and issued a $10.00 target price on shares of DHX Media in a report on Friday, September 23rd. Finally, Scotiabank reissued an “outperform” rating and issued a $9.00 target price on shares of DHX Media in a report on Friday, September 23rd. Seven research analysts have rated the stock with a buy rating, DHX Media currently has a consensus rating of “Buy” and a consensus price target of $10.00.
About DHX Media
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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