South Bow (NYSE:SOBO) Upgraded at Scotiabank

Scotiabank upgraded shares of South Bow (NYSE:SOBO) to a hold rating in a research note released on Friday morning,Zacks.com reports.

SOBO has been the subject of several other research reports. Tudor Pickering raised South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. Morgan Stanley assumed coverage on shares of South Bow in a report on Friday, October 25th. They set an “underweight” rating on the stock. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a research report on Monday, October 28th. Jefferies Financial Group initiated coverage on shares of South Bow in a research report on Tuesday, October 8th. They set a “hold” rating for the company. Finally, Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, South Bow currently has a consensus rating of “Hold”.

South Bow Trading Down 3.1 %

SOBO stock opened at $23.49 on Friday. The stock has a 50 day moving average of $24.63. South Bow has a 1-year low of $21.12 and a 1-year high of $27.30.

South Bow Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 8.51%. South Bow’s 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.