Accord Financial Corp. (ACD) to Issue Dividend Increase – $0.09 Per Share

Accord Financial Corp. (TSE:ACD) declared a quarterly dividend on Wednesday, July 26th, Zacks reports. Shareholders of record on Tuesday, August 15th will be given a dividend of 0.09 per share on Friday, September 1st. This represents a $0.36 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from Accord Financial Corp.’s previous quarterly dividend of $0.09.

Accord Financial Corp. (TSE:ACD) opened at 8.60 on Thursday. Accord Financial Corp. has a 52-week low of $8.50 and a 52-week high of $9.59. The firm has a 50-day moving average price of $8.82 and a 200 day moving average price of $8.91. The stock has a market cap of $71.44 million and a PE ratio of 11.32.

In other Accord Financial Corp. news, Director Gary Prager purchased 4,200 shares of Accord Financial Corp. stock in a transaction on Tuesday, August 1st. The stock was bought at an average price of C$7.00 per share, for a total transaction of C$29,400.00. Insiders have acquired a total of 9,500 shares of company stock valued at $69,269 in the last quarter.

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Accord Financial Corp. Company Profile

Accord Financial Corp. is a provider of asset-based financial services to businesses, such as asset-based lending (ABL), including factoring, lease financing, working capital financing, credit protection and receivables management, and supply chain financing for importers. The Company’s business involves ABL by Accord Financial Inc and Accord Financial, Inc, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; lease financing and equipment and working capital lending by Accord Equipment Finance, and credit protection and receivables management services by Accord Financial Ltd., which involves providing credit guarantees and collection services, generally without financing.

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