Pure Technologies Ltd. (TSX: PUR) is a Calgary, Canada-based company engaged in the development and application of technologies for inspection, monitoring and management of physical infrastructure, including water and hydrocarbon pipelines, buildings and bridges. The Company's segments include Americas, International and PureHM. Its technologies include SoundPrint acoustic monitoring technology.
Pure Technologies shares have edged lower in trading today even as the company announced a quarterly dividend. At last check, PUR shares were trading 0.33% lower at $6.07 on volume of just 7,520, which is well below the daily average volume of 52,552.
Pure Technologies today announced that its Board of Directors declared a quarterly dividend of $0.03 per common share. The dividend will be payable on June 30, 2016 to shareholders of record on June 15, 2016. Pure Technologies currently offers a dividend yield of just under 2%. The company has been paying regular quarterly dividends since April 2014. However, in the last two years, Pure Technologies has not raised its dividend.
Over the last one year, PUR shares have struggled, falling nearly 17%, compared to a loss of almost 6.5% for the S&P/TSX Composite Index. Year-to-date though, PUR shares have gained more than 28%, compared to a gain of more than 7% for the S&P/TSX Composite Index.
