Alimentation Couche-Tard Inc (TSE:ATD.B) announced a quarterly dividend on Wednesday, July 8th, TickerTech reports. Investors of record on Thursday, July 23rd will be paid a dividend of 0.07 per share on Thursday, July 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Wednesday, July 8th. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.06.
Shares of TSE:ATD.B opened at C$43.37 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.21 and a debt-to-equity ratio of 91.74. Alimentation Couche-Tard has a fifty-two week low of C$30.40 and a fifty-two week high of C$46.10. The firm has a 50-day simple moving average of C$42.39 and a 200 day simple moving average of C$41.07. The company has a market cap of $37.33 billion and a PE ratio of 23.54.
A number of equities research analysts recently weighed in on ATD.B shares. CIBC boosted their price objective on shares of Alimentation Couche-Tard from C$46.00 to C$49.00 in a research report on Thursday, July 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a C$43.00 price objective on shares of Alimentation Couche-Tard in a research report on Wednesday, April 8th. Royal Bank of Canada upped their target price on shares of Alimentation Couche-Tard from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. TD Securities upped their target price on shares of Alimentation Couche-Tard from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Canaccord Genuity decreased their target price on shares of Alimentation Couche-Tard from C$47.00 to C$45.00 in a research report on Wednesday, March 18th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Alimentation Couche-Tard presently has a consensus rating of “Buy” and an average price target of C$55.00.
About Alimentation Couche-Tard
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.
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