Hardwoods Distribution Inc (HWD) Announces Dividend Increase – $0.07 Per Share

Hardwoods Distribution Inc (TSE:HWD) announced a quarterly dividend on Friday, April 13th, TickerTech reports. Stockholders of record on Friday, April 27th will be given a dividend of 0.0725 per share on Friday, April 27th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, April 13th. This is a boost from Hardwoods Distribution’s previous quarterly dividend of $0.07.

Shares of HWD opened at C$19.78 on Friday. Hardwoods Distribution has a twelve month low of C$16.00 and a twelve month high of C$22.00.

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Several equities analysts recently weighed in on HWD shares. CIBC raised their price objective on shares of Hardwoods Distribution from C$24.00 to C$26.00 in a research report on Friday, January 12th. Canaccord Genuity raised their price objective on shares of Hardwoods Distribution from C$24.00 to C$26.00 in a research report on Wednesday, March 7th.

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About Hardwoods Distribution

Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.

Dividend History for Hardwoods Distribution (TSE:HWD)

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