ADENTRA Inc. (TSE:ADEN) Increases Dividend to $0.15 Per Share

ADENTRA Inc. (TSE:ADEN) declared a quarterly dividend on Monday, January 20th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.15 per share on Friday, January 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14.

ADENTRA Stock Up 0.4 %

ADENTRA stock opened at $35.58 on Friday. The firm’s 50-day simple moving average is $37.94 and its 200 day simple moving average is $39.51. ADENTRA has a 52 week low of $31.21 and a 52 week high of $45.25. The firm has a market capitalization of $890.21 million, a PE ratio of 13.38 and a beta of 1.57.

Analyst Upgrades and Downgrades

ADEN has been the topic of several research reports. Acumen Capital lowered their price target on shares of ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. Raymond James set a C$60.00 price target on ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. CIBC reduced their price objective on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday. Stifel Nicolaus cut their target price on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, National Bankshares raised their price target on shares of ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $54.57.

About ADENTRA

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.