Alimentation Couche-Tard Inc (TSE:ATD.B) to Issue $0.06 Quarterly Dividend
Alimentation Couche-Tard Inc (TSE:ATD.B) declared a quarterly dividend on Wednesday, December 4th, TickerTech reports. Shareholders of record on Thursday, December 19th will be given a dividend of 0.0625 per share on Thursday, December 19th. This represents a $0.25 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, December 4th.
TSE:ATD.B opened at C$43.50 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 95.29. Alimentation Couche-Tard has a fifty-two week low of C$32.45 and a fifty-two week high of C$44.57. The stock has a market cap of $37.82 billion and a PE ratio of 24.25. The firm’s fifty day simple moving average is C$40.62 and its 200-day simple moving average is C$69.74.
Several research firms recently commented on ATD.B. SunTrust Banks boosted their price objective on shares of Alimentation Couche-Tard from C$92.00 to C$93.00 in a research report on Friday, September 6th. Desjardins upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “buy” rating and raised their target price for the company from C$87.00 to C$88.00 in a report on Friday, August 23rd. BMO Capital Markets upgraded shares of Alimentation Couche-Tard from a “market perform” rating to an “outperform” rating and set a C$49.00 target price for the company in a research report on Monday, November 25th. CIBC upped their price target on shares of Alimentation Couche-Tard from C$46.00 to C$50.00 in a report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$47.00 price target on shares of Alimentation Couche-Tard in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$61.11.
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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