WSP Global Inc to Issue Quarterly Dividend of C$0.38 (WSP)

WSP Global Inc (TSE:WSP) announced a quarterly dividend on Wednesday, September 28th. Investors of record on Saturday, October 15th will be paid a dividend of 0.375 per share on Saturday, October 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Wednesday, September 28th.

WSP Global (TSE:WSP) traded down 1.24% during trading on Friday, hitting $42.95. The stock had a trading volume of 25,862 shares. WSP Global has a 52-week low of $35.11 and a 52-week high of $49.18. The company has a market cap of $4.33 billion and a price-to-earnings ratio of 28.94. The company has a 50-day moving average price of $42.89 and a 200-day moving average price of $40.73.

A number of analysts recently commented on WSP shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$45.00 price target on shares of WSP Global in a research report on Monday. TD Securities reissued a “buy” rating and set a C$49.00 price objective on shares of WSP Global in a report on Wednesday. BMO Capital Markets increased their price objective on WSP Global from C$41.50 to C$43.00 and gave the company a “market perform” rating in a report on Wednesday. Canaccord Genuity increased their price objective on WSP Global from C$44.00 to C$45.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Scotiabank reduced their price objective on WSP Global from C$47.00 to C$46.00 and set an “outperform” rating for the company in a report on Monday, July 4th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. WSP Global presently has an average rating of “Buy” and a consensus price target of C$45.59.

About WSP Global

WSP Global Inc is a professional services company. The Company’s segments are Canada, Americas (US and South America), EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.

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