Converge Technology Solutions announced a $0.02 quarterly dividend, amid falling stock and lowered analyst targets.

Converge Technology Solutions Corp. announced a quarterly dividend of $0.02 per share, payable on December 28th to shareholders on record by December 10th, with an annual yield of 1.65%. The company's stock fell to C$3.63 on Wednesday. Several analysts have lowered their price targets for CTS, with the consensus rating now "Moderate Buy" and a target price of C$5.86. Converge provides IT and cloud solutions in the U.S. and Canada.

November 13, 2024
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