DHX Media (DHXM) to Issue Quarterly Dividend of $0.01 on October 21st

DHX Media (NASDAQ:DHXM) declared a quarterly dividend on Wednesday, September 28th. Stockholders of record on Tuesday, October 11th will be paid a dividend of 0.0138 per share on Friday, October 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from DHX Media’s previous quarterly dividend of $0.01.

DHX Media (NASDAQ:DHXM) opened at 5.17 on Friday. The stock has a 50 day moving average of $5.79 and a 200-day moving average of $5.49. DHX Media has a 52 week low of $4.56 and a 52 week high of $7.40. The firm has a market cap of $150.24 million and a PE ratio of 30.77.

Dividend History for DHX Media (NASDAQ:DHXM)

A hedge fund recently raised its stake in DHX Media stock. FMR LLC increased its position in DHX Media (NASDAQ:DHXM) by 8.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 779,710 shares of the company’s stock after buying an additional 60,560 shares during the period. FMR LLC owned about 0.62% of DHX Media worth $3,995,000 at the end of the most recent reporting period.

A number of analysts have recently issued reports on DHXM shares. TD Securities reiterated a “buy” rating and issued a $9.50 price objective on shares of DHX Media in a report on Tuesday, June 21st. RBC Capital Markets reiterated an “outperform” rating and issued a $10.00 price objective on shares of DHX Media in a report on Friday, September 23rd. Finally, Scotiabank reissued an “outperform” rating and issued a $9.00 target price on shares of DHX Media in a research note on Friday, September 23rd. Seven analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $10.00.

About DHX Media

DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.

5 Day Chart for NASDAQ:DHXM

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