Trinidad Drilling (TSE:TDG) announced a quarterly dividend on Friday, March 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.05 per share on Monday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.77%.

Several analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Trinidad Drilling from $8.00 to $9.00 in a research note to investors on Friday, March 8th. They now have an “outperform” rating on the stock. On a related note, analysts at BMO Capital Markets raised their price target on shares of Trinidad Drilling from $7.00 to $7.50 in a research note to investors on Friday, March 8th. They now have a “market perform” rating on the stock. Finally, analysts at Scotiabank cut their price target on shares of Trinidad Drilling from $9.50 to $9.00 in a research note to investors on Friday, March 8th. They now have an “outperform” rating on the stock.

Trinidad Drilling (TSE: TDG) traded up 3.64% on Friday, hitting $7.40. Trinidad Drilling has a 52-week low of $5.02 and a 52-week high of $7.59. The stock’s 50-day moving average is currently $12.82. The company has a market cap of $894.4 million and a price-to-earnings ratio of 9.27.

Trinidad Drilling Ltd. (Trinidad) is a drilling rig contractor, which provides contract drilling services to the Canadian, United States and Latin American oil and gas industry.

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