Dominion Diamond Corp. (DDC) to Issue Semiannual Dividend of $0.20 on November 3rd
Dominion Diamond Corp. (NYSE:DDC) declared a semiannual dividend on Monday, September 12th. Investors of record on Tuesday, October 11th will be paid a dividend of 0.20 per share on Thursday, November 3rd. This represents a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, October 6th.
Dominion Diamond Corp. (NYSE:DDC) opened at 9.04 on Wednesday. Dominion Diamond Corp. has a 52 week low of $7.27 and a 52 week high of $12.65. The stock’s market cap is $767.00 million. The company has a 50 day moving average price of $8.94 and a 200 day moving average price of $9.93.
Dominion Diamond Corp. (NYSE:DDC) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.33. The firm had revenue of $160 million for the quarter, compared to analysts’ expectations of $196.50 million. Dominion Diamond Corp. had a negative return on equity of 1.08% and a negative net margin of 9.79%. The business’s revenue for the quarter was down 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.21) EPS. Analysts expect that Dominion Diamond Corp. will post $0.24 EPS for the current fiscal year.
Several equities analysts have issued reports on DDC shares. BMO Capital Markets reaffirmed a “buy” rating and set a $22.00 price objective on shares of Dominion Diamond Corp. in a report on Friday, June 10th. RBC Capital Markets reaffirmed a “sector perform” rating on shares of Dominion Diamond Corp. in a report on Friday, September 16th. Royal Bank Of Canada lowered Dominion Diamond Corp. from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $13.00 to $11.00 in a report on Monday, June 13th. Zacks Investment Research raised Dominion Diamond Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, TheStreet lowered Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.13.
Large investors have recently made changes to their positions in the company. Fiera Capital Corp increased its stake in shares of Dominion Diamond Corp. by 185.6% in the second quarter. Fiera Capital Corp now owns 50,783 shares of the company’s stock valued at $447,000 after buying an additional 33,000 shares during the period. AHL Partners LLP purchased a new stake in shares of Dominion Diamond Corp. during the second quarter worth approximately $174,000. AQR Capital Management LLC increased its stake in shares of Dominion Diamond Corp. by 36.0% in the second quarter. AQR Capital Management LLC now owns 126,878 shares of the company’s stock worth $1,117,000 after buying an additional 33,616 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Dominion Diamond Corp. during the second quarter worth approximately $109,000. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Dominion Diamond Corp. during the second quarter worth approximately $771,000. Institutional investors and hedge funds own 38.22% of the company’s stock.
About Dominion Diamond Corp.
Dominion Diamond Corporation is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine.
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