Horizon North Logistics Declares Quarterly Dividend of $0.06 (HNL)
Horizon North Logistics (TSE:HNL) announced a quarterly dividend on Wednesday, February 20th. Shareholders of record on Sunday, March 31st will be paid a dividend of $0.06 per share on Friday, April 12th. This represents a $0.25 annualized dividend and a dividend yield of 4.27%.
HNL has been the subject of a number of recent research reports. Analysts at Raymond James cut their price target on shares of Horizon North Logistics from $9.00 to $8.50 in a research note to investors on Monday, February 4th. They now have a “strong-buy” rating on the stock.
Shares of Horizon North Logistics (HNL) traded up 2.39% during mid-day trading on Wednesday, hitting $5.99. Horizon North Logistics (HNL) has a one year low of $5.18 and a one year high of $8.49. The stock’s 50-day moving average is currently $6.32. The company has a market cap of $650.5 million and a P/E ratio of 9.59.
Horizon North Logistics Inc. provides camp and catering services, ground matting services, and marine transportation services to oil and gas exploration and production companies, oilfield service companies and mining companies working on oil sands, mineral exploration and development, and conventional oil and gas projects primarily in western Canada.
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