Atlas Corp. (NYSE:ATCO) Announces $0.13 Quarterly Dividend

Atlas Corp. (NYSE:ATCO) declared a quarterly dividend on Tuesday, April 6th, Zacks reports. Shareholders of record on Tuesday, April 20th will be given a dividend of 0.125 per share on Friday, April 30th. This represents a $0.50 annualized dividend and a yield of 3.57%. The ex-dividend date is Monday, April 19th.

ATCO stock opened at $14.01 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. Atlas has a twelve month low of $6.00 and a twelve month high of $14.83. The company has a market cap of $3.46 billion, a P/E ratio of 15.23, a PEG ratio of 0.66 and a beta of 1.10. The business has a fifty day moving average of $13.97 and a 200-day moving average of $11.92.

Atlas (NYSE:ATCO) last announced its quarterly earnings data on Tuesday, March 9th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Atlas had a return on equity of 9.14% and a net margin of 21.49%. As a group, equities research analysts anticipate that Atlas will post 1.08 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Atlas from $11.00 to $15.00 in a research note on Wednesday, March 10th. B. Riley upped their target price on shares of Atlas from $16.50 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, March 10th. TheStreet upgraded Atlas from a “c” rating to a “b-” rating in a research report on Monday, February 22nd. Zacks Investment Research upgraded Atlas from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, March 2nd. Finally, Jefferies Financial Group raised their target price on Atlas from $11.00 to $13.50 and gave the stock a “hold” rating in a report on Monday, March 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Atlas has a consensus rating of “Buy” and an average target price of $17.44.

Atlas Company Profile

Atlas Corp. operates as an asset manager and operator. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships. The company charters its containerships under long-term and fixed-rate time charters to various container liner companies. As of March 10, 2020, it operated a fleet of 118 containerships.

Further Reading: What is the cash asset ratio?

Dividend History for Atlas (NYSE:ATCO)

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