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Titanium Transportation Group Inc., known for its extensive logistics and transport services across North America, has declared a dividend of $0.02 per share payable on December 15 to shareholders of record as of November 30. Headquartered in Canada, Titanium has made a name for itself with a customer base that now exceeds 1,000 and a significant fleet comprising around 1,000 power units and 3,300 trailers.
The company’s CEO, Ted Daniel, leads an operation that is not only vast in scale but also strategic in growth. Titanium has made thirteen acquisitions since 2011, which has contributed to its rapid expansion and earned it accolades from prestigious financial publications. This consistent performance has placed the company on the Financial Times’ honor list and for eleven years running on Canadian Business’ list for rapidly growing companies.
Titanium’s growth strategy has seen it expand to eighteen operational bases across two countries. The company provides comprehensive transport solutions including truckload and cross-border services. Its recognition extends to three consecutive years of presence in Globe and Mail’s business rankings.
Trading under the ticker symbols TTNM on the Toronto Stock Exchange and TTNMF on OTCQX, Titanium also offers warehousing and distribution capabilities. Stakeholders interested in engaging with the company can do so through the investor relations email provided or by visiting their website for more information.
InvestingPro Insights
Titanium Transportation Group Inc. (TIH) has demonstrated robust financial health and investor confidence, as evidenced by key metrics from InvestingPro. With a market capitalization of $6.76 billion USD, the company is recognized for its financial stability and growth potential. A testament to its solid fiscal management is the adjusted P/E ratio, standing at a reasonable 17.29 for the last twelve months as of Q3 2023, suggesting that the stock may be valued fairly in relation to its earnings.
InvestingPro Tips highlight that Titanium not only yields a high return on invested capital but also holds more cash than debt on its balance sheet. This reflects the company’s prudent financial planning and its capacity to weather economic fluctuations. Additionally, the company’s dividend growth of 10.26% in the last twelve months, along with its history of maintaining dividend payments for 50 consecutive years, underscores its commitment to returning value to shareholders.
Subscribers to InvestingPro have access to additional insights that can guide investment decisions. Currently, there are 15 InvestingPro Tips available for Titanium, offering a comprehensive analysis of the company’s performance and future prospects. With the special Black Friday sale, now is an opportune time to subscribe to InvestingPro, with discounts of up to 55% available.
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