Alimentation Couche-Tard Inc. to Issue Quarterly Dividend of $0.18 (TSE:ATD)

Alimentation Couche-Tard Inc. (TSE:ATD) announced a quarterly dividend on Wednesday, September 4th, Zacks reports. Investors of record on Friday, September 13th will be paid a dividend of 0.175 per share on Friday, September 27th. This represents a $0.70 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, September 13th.

Alimentation Couche-Tard Stock Performance

ATD opened at C$75.41 on Friday. The stock has a 50-day moving average of C$80.29 and a 200-day moving average of C$79.23. The company has a debt-to-equity ratio of 109.56, a quick ratio of 0.88 and a current ratio of 0.95. Alimentation Couche-Tard has a 52-week low of C$68.93 and a 52-week high of C$87.27. The company has a market cap of C$72.14 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings results on Tuesday, June 25th. The company reported C$0.65 EPS for the quarter, missing analysts’ consensus estimates of C$0.67 by C($0.02). The firm had revenue of C$23.88 billion during the quarter, compared to the consensus estimate of C$23.13 billion. Alimentation Couche-Tard had a net margin of 3.94% and a return on equity of 21.13%. As a group, equities research analysts forecast that Alimentation Couche-Tard will post 4.0130276 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ATD shares. Stifel Nicolaus dropped their price objective on Alimentation Couche-Tard from C$89.00 to C$86.00 and set a “buy” rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada cut their price target on Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday. CIBC upped their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Desjardins decreased their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group cut their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$87.67.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.