Alimentation Couche-Tard Inc. (ATD) to Issue Quarterly Dividend of $0.22 on December 17th

Alimentation Couche-Tard Inc. (TSE:ATD) announced a quarterly dividend on Wednesday, December 3rd, TickerTech Dividends reports. Investors of record on Wednesday, December 17th will be paid a dividend of 0.215 per share on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a 10.3% increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.20.

Alimentation Couche-Tard Trading Down 0.1%

ATD opened at C$76.33 on Monday. The stock has a market capitalization of C$70.66 billion, a PE ratio of 27.76, a P/E/G ratio of 1.35 and a beta of 0.31. The firm’s fifty day moving average price is C$72.47 and its 200 day moving average price is C$71.66. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Monday, November 24th. The company reported C$0.79 earnings per share for the quarter, topping the consensus estimate of C$0.74 by C$0.05. Alimentation Couche-Tard had a net margin of 3.53% and a return on equity of 18.96%. During the same quarter last year, the company posted $0.74 earnings per share. As a group, research analysts expect that Alimentation Couche-Tard will post 4.0410959 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Scotiabank upped their price objective on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Jefferies Financial Group upped their price target on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Wednesday, November 26th. BMO Capital Markets lifted their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a report on Wednesday, November 26th. CIBC increased their target price on shares of Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, The Goldman Sachs Group raised shares of Alimentation Couche-Tard to a “hold” rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$86.75.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.