South Bow Co. (NYSE:SOBO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of South Bow Co. (NYSE:SOBO) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the company.

Several equities research analysts recently issued reports on SOBO shares. Jefferies Financial Group began coverage on South Bow in a research note on Tuesday, October 8th. They set a “hold” rating for the company. US Capital Advisors raised South Bow to a “strong-buy” rating in a report on Monday, October 28th. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. Morgan Stanley started coverage on shares of South Bow in a research report on Friday, October 25th. They set an “underweight” rating for the company. Finally, Cibc World Mkts raised shares of South Bow to a “hold” rating in a report on Friday, October 11th.

South Bow Stock Up 1.5 %

SOBO opened at $23.78 on Friday. South Bow has a one year low of $21.12 and a one year high of $27.30. The firm’s fifty day moving average price is $24.66.

South Bow Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.41%. South Bow’s dividend payout ratio is 114.29%.

South Bow Company Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.