Accord Financial Corp. (TSE:ACD) Raises Dividend to $0.09 Per Share
Accord Financial Corp. (TSE:ACD) announced a quarterly dividend on Wednesday, July 26th, Zacks reports. Shareholders of record on Tuesday, August 15th will be paid a dividend of 0.09 per share on Friday, September 1st. This represents a $0.36 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Friday, August 11th. This is a positive change from Accord Financial Corp.’s previous quarterly dividend of $0.09.
Shares of Accord Financial Corp. (ACD) opened at 8.70 on Friday. Accord Financial Corp. has a 12 month low of $8.65 and a 12 month high of $9.60. The company has a market cap of $72.27 million and a PE ratio of 11.45. The firm’s 50-day moving average is $8.84 and its 200-day moving average is $8.92.
In other news, Director Gary Prager acquired 4,200 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average price of C$7.00 per share, for a total transaction of C$29,400.00. Insiders acquired 7,300 shares of company stock worth $54,155 in the last 90 days.
Accord Financial Corp. Company Profile
Accord Financial Corp. is a provider of asset-based financial services to businesses, such as asset-based lending (ABL), including factoring, lease financing, working capital financing, credit protection and receivables management, and supply chain financing for importers. The Company’s business involves ABL by Accord Financial Inc and Accord Financial, Inc, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; lease financing and equipment and working capital lending by Accord Equipment Finance, and credit protection and receivables management services by Accord Financial Ltd., which involves providing credit guarantees and collection services, generally without financing.
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