Imvescor Restaurant Group Inc (IRG) to Issue Quarterly Dividend of $0.02 on October 4th
Imvescor Restaurant Group Inc (TSE:IRG) declared a quarterly dividend on Thursday, September 7th, Zacks reports. Stockholders of record on Wednesday, September 20th will be given a dividend of 0.023 per share on Wednesday, October 4th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Tuesday, September 19th. This is an increase from Imvescor Restaurant Group’s previous quarterly dividend of $0.02.
Imvescor Restaurant Group (TSE:IRG) opened at 3.86 on Thursday. The stock’s 50 day moving average is $3.52 and its 200-day moving average is $3.59. Imvescor Restaurant Group has a 12-month low of $3.04 and a 12-month high of $4.15. The company has a market cap of $233.68 million and a P/E ratio of 18.65.
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Separately, Acumen Capital reiterated a “buy” rating and issued a C$4.20 price target on shares of Imvescor Restaurant Group in a report on Tuesday, June 13th.
Imvescor Restaurant Group Company Profile
Imvescor Restaurant Group Inc is a Canada-based franchise and licensing company. Its operating segments are Franchising, Manufacturing and Corporate. The Franchising segment comprises franchising royalties, supplier contributions and franchise fees from the Company’s franchised restaurant brands, as well as retail royalties from the sales of branded products to retailers.
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