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Enerflex Ltd (TSE:EFX) Increases Dividend to $0.12 Per Share

Enerflex Ltd (TSE:EFX) announced a quarterly dividend on Wednesday, November 20th, TickerTech reports. Stockholders of record on Thursday, January 9th will be paid a dividend of 0.115 per share on Thursday, January 9th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, November 20th. This is an increase from Enerflex’s previous quarterly dividend of $0.11.

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Shares of EFX opened at C$11.95 on Monday. The firm has a market capitalization of $1.02 billion and a PE ratio of 6.99. The company has a debt-to-equity ratio of 34.86, a current ratio of 1.74 and a quick ratio of 1.24. Enerflex has a fifty-two week low of C$10.05 and a fifty-two week high of C$20.38. The company’s 50-day moving average is C$11.07 and its 200-day moving average is C$14.27.

EFX has been the topic of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Enerflex from C$23.00 to C$18.00 in a research note on Tuesday, September 10th. Royal Bank of Canada dropped their target price on shares of Enerflex from C$25.00 to C$23.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Raymond James reissued an “outperform” rating and issued a C$21.00 target price on shares of Enerflex in a report on Friday, November 8th. CIBC dropped their price objective on shares of Enerflex from C$18.00 to C$17.00 in a report on Tuesday, November 12th. Finally, National Bank Financial upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$18.00 price objective for the company in a report on Friday, November 8th.

About Enerflex

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.

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Dividend History for Enerflex (TSE:EFX)

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