|Bid||5.55 x 0|
|Ask||5.56 x 0|
|Day's Range||5.41 - 5.82|
|52 Week Range||4.65 - 20.08|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Shares of Schwinn-parent Dorel Industries Inc. were suffering a record plunge Tuesday after the company said it would stop paying its relatively high dividend to investors, blaming ‘chaotic market conditions’ created by tariffs resulting from the U.S.-China trade war.
Dorel Industries Inc. said Tuesday it will stop paying a dividend, citing the impact of increased U.S. tariffs and following a review of preliminary third-quarter results. The Canada-based juvenile products and bicycle maker, whose brands include Schwinn, Cannondale and Maxi-Cosi, said the dividend being paid out on Oct. 2 is not affected. Dorel's previous quarterly dividend was 15 cents a share, with the annual dividend rate of 60 cents a share, implying a dividend yield of 8.82% on the U.S.-listed shares. The company said the increase in May on tariffs on Chinese imports to 25% is having a "much greater impact" on its business than the previous 10% tariff. "We raised prices midway through the third quarter and this has had several negative consequences," said Chief Executive Martin Schwartz. "It is prudent to suspend the dividend until the chaotic market conditions created by tariffs are normalized." As a result, Schwartz said the expected gross margin improvement will be delayed until the beginning of 2020. The U.S.-listed stock has tumbled 47.4% in 2019, while the S&P 500 has gained 18.7%.
On a per-share basis, the Westmount, Quebec-based company said it had a loss of 26 cents. Earnings, adjusted for non-recurring costs, were 18 cents per share. The maker of bicycles, child safety products ...
On a per-share basis, the Westmount, Quebec-based company said it had a loss of $13.68. Earnings, adjusted for non-recurring costs, came to 31 cents per share. The maker of bicycles, child safety products ...