Element Fleet Management Corp. (TSE:EFN) Declares $0.15 Quarterly Dividend

Element Fleet Management Corp. (TSE:EFN) declared a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.15 per share by the financial services provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

Element Fleet Management Price Performance

Shares of EFN opened at C$29.57 on Friday. The company has a market cap of C$11.71 billion, a P/E ratio of 39.96, a PEG ratio of 2.97 and a beta of 0.66. Element Fleet Management has a fifty-two week low of C$25.32 and a fifty-two week high of C$38.26. The company has a quick ratio of 5.70, a current ratio of -1,554.01 and a debt-to-equity ratio of 358.10. The firm’s 50 day moving average price is C$28.76 and its 200 day moving average price is C$32.00.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share (EPS) for the quarter. The company had revenue of C$879.58 million for the quarter. Element Fleet Management had a return on equity of 10.62% and a net margin of 12.38%. On average, research analysts forecast that Element Fleet Management will post 1.6884016 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director George Keith Graham bought 2,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of C$28.00 per share, with a total value of C$56,000.00. Following the completion of the acquisition, the director directly owned 27,000 shares in the company, valued at approximately C$756,000. The trade was a 8.00% increase in their ownership of the stock. Also, insider Laura Lee Dottori-Attanasio purchased 35,800 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of C$27.94 per share, for a total transaction of C$1,000,252.00. Following the completion of the purchase, the insider owned 397,600 shares of the company’s stock, valued at approximately C$11,108,944. This trade represents a 9.89% increase in their ownership of the stock. Insiders purchased a total of 38,420 shares of company stock valued at $1,073,612 over the last three months. 0.26% of the stock is currently owned by company insiders.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.