Alimentation Couche-Tard Inc Declares Quarterly Dividend of $0.13 (TSE:ATD.B)

Alimentation Couche-Tard Inc (TSE:ATD.B) announced a quarterly dividend on Thursday, September 12th, TickerTech reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.125 per share on Friday, September 27th. This represents a $0.50 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, September 12th.

ATD.B stock traded down C$0.27 during midday trading on Wednesday, reaching C$86.35. 230,422 shares of the company’s stock traded hands, compared to its average volume of 765,673. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 78.48. The firm’s fifty day moving average price is C$82.37 and its 200-day moving average price is C$80.93. Alimentation Couche-Tard has a 52 week low of C$60.03 and a 52 week high of C$88.40. The company has a market cap of $37.63 billion and a price-to-earnings ratio of 26.57.

Several analysts have recently issued reports on ATD.B shares. Desjardins upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “buy” rating and upped their target price for the stock from C$87.00 to C$88.00 in a research note on Friday, August 23rd. CIBC raised their price target on shares of Alimentation Couche-Tard from C$87.00 to C$94.00 in a research report on Thursday, July 11th. SunTrust Banks boosted their price target on shares of Alimentation Couche-Tard from C$92.00 to C$93.00 in a report on Friday, September 6th. Canaccord Genuity upped their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the stock a “buy” rating in a research report on Thursday, July 4th. Finally, TD Securities lowered shares of Alimentation Couche-Tard from a “buy” rating to a “hold” rating and set a C$90.00 price objective for the company. in a research note on Thursday, July 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$86.70.

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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Dividend History for Alimentation Couche-Tard (TSE:ATD.B)

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