Clairvest Group (TSE:CVG) Sets New 1-Year High Following Dividend Announcement

Clairvest Group Inc. (TSE:CVG) shares reached a new 52-week high on Monday after the company announced a dividend. The company traded as high as C$78.21 and last traded at C$77.51, with a volume of 300 shares changing hands. The stock had previously closed at C$77.50.

The newly announced dividend which will be paid on Friday, July 24th. Stockholders of record on Friday, July 24th will be issued a dividend of $0.10 per share. This represents a dividend yield of 13.0%. The ex-dividend date is Friday, July 3rd. Clairvest Group’s dividend payout ratio is currently 1.24%.

Clairvest Group Price Performance

The company has a current ratio of 19.89, a quick ratio of 2.73 and a debt-to-equity ratio of 0.53. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 9.64 and a beta of 0.16. The stock has a 50-day moving average price of C$75.82 and a two-hundred day moving average price of C$73.91.

Clairvest Group (TSE:CVG) last announced its earnings results on Thursday, June 25th. The company reported C$4.56 earnings per share (EPS) for the quarter. Clairvest Group had a return on equity of 9.03% and a net margin of 57.92%.The company had revenue of C$99.50 million for the quarter.

Clairvest Group Company Profile

Clairvest Group Inc is a Canadian equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.