Goodfellow (TSE:GDL) Issues Quarterly Earnings Results

Goodfellow (TSE:GDL) announced its earnings results on Wednesday. The company reported C($0.36) earnings per share for the quarter, FiscalAI reports. Goodfellow had a return on equity of 3.49% and a net margin of 1.32%.The company had revenue of C$108.73 million during the quarter.

Goodfellow Trading Down 0.2%

TSE GDL traded down C$0.02 during trading on Wednesday, reaching C$11.79. 7,781 shares of the stock traded hands, compared to its average volume of 3,872. The firm has a market cap of C$98.22 million, a price-to-earnings ratio of 13.87 and a beta of 0.13. The stock’s 50-day moving average price is C$12.12 and its 200 day moving average price is C$11.93. The company has a quick ratio of 0.99, a current ratio of 3.09 and a debt-to-equity ratio of 25.60. Goodfellow has a fifty-two week low of C$10.41 and a fifty-two week high of C$13.31.

Goodfellow Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, March 5th. This represents a dividend yield of 122.0%. Goodfellow’s payout ratio is currently 70.59%.

Goodfellow Company Profile

Goodfellow Inc is engaged in remanufacturers and distributors of lumber products and hardwood flooring products. It is engaged in the domestic and export sales of wholesale distribution of wood products, and remanufacturing, distribution and brokerage of lumber. Goodfellow offers products, including decking, flooring, lumber, insulation and soundproofing, panels, siding, and specialty and commodity panels. Goodfellow represents three main sectors – retail trade, industrial, and manufacturing. The company manages its operations under one operating segment.