Badger Infrastructure Solutions Ltd. (TSE:BDGI) Raises Dividend to $0.18 Per Share

Badger Infrastructure Solutions Ltd. (TSE:BDGI) declared a quarterly dividend on Friday, June 28th, TickerTech reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.18 per share on Monday, July 15th. This represents a $0.72 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Badger Infrastructure Solutions’s previous quarterly dividend of $0.17.

Badger Infrastructure Solutions Trading Down 0.7 %

Shares of Badger Infrastructure Solutions stock traded down C$0.28 during trading hours on Wednesday, hitting C$41.15. The company’s stock had a trading volume of 20,074 shares, compared to its average volume of 64,106. Badger Infrastructure Solutions has a twelve month low of C$25.30 and a twelve month high of C$51.50. The firm has a fifty day moving average of C$43.18 and a 200-day moving average of C$44.61. The stock has a market cap of C$1.42 billion, a price-to-earnings ratio of 25.72 and a beta of 1.18. The company has a debt-to-equity ratio of 100.32, a quick ratio of 1.49 and a current ratio of 1.72.

Insiders Place Their Bets

In other Badger Infrastructure Solutions news, Director Robert Dawson purchased 1,600 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of C$43.40 per share, for a total transaction of C$69,441.44. In related news, Director Mary Jordan bought 1,000 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of C$41.72 per share, for a total transaction of C$41,720.00. Also, Director Robert Dawson bought 1,600 shares of Badger Infrastructure Solutions stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of C$43.40 per share, with a total value of C$69,441.44. Insiders have purchased a total of 8,900 shares of company stock worth $359,195 over the last quarter. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BDGI. Raymond James increased their target price on Badger Infrastructure Solutions from C$52.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. CIBC raised Badger Infrastructure Solutions from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$52.00 to C$54.00 in a research note on Friday, May 3rd. Acumen Capital increased their target price on Badger Infrastructure Solutions from C$47.50 to C$53.00 and gave the stock a “speculative buy” rating in a research note on Thursday, March 21st. BMO Capital Markets increased their target price on Badger Infrastructure Solutions from C$49.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Finally, Canaccord Genuity Group upped their price target on Badger Infrastructure Solutions from C$52.00 to C$60.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$53.06.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.