Bird Construction Inc. (TSE:BDT) to Issue Monthly Dividend of $0.05

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Monday, April 29th, TickerTech reports. Investors of record on Friday, May 17th will be paid a dividend of 0.0467 per share on Friday, May 17th. This represents a $0.56 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Bird Construction’s previous monthly dividend of $0.04.

Bird Construction Trading Up 1.1 %

Shares of Bird Construction stock opened at C$19.14 on Friday. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.53 and a beta of 1.21. Bird Construction has a fifty-two week low of C$8.01 and a fifty-two week high of C$19.47. The company has a debt-to-equity ratio of 46.93, a quick ratio of 1.20 and a current ratio of 1.26. The stock has a 50 day moving average of C$18.27 and a 200 day moving average of C$14.87.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$792.07 million during the quarter, compared to analyst estimates of C$722.63 million. As a group, research analysts predict that Bird Construction will post 1.7851782 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. National Bankshares raised their price target on Bird Construction from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. CIBC lowered Bird Construction from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$17.00 to C$20.00 in a research report on Thursday, March 7th. ATB Capital raised their price target on Bird Construction from C$16.50 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Stifel Nicolaus raised their price target on Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Canaccord Genuity Group increased their price objective on Bird Construction from C$16.00 to C$21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Bird Construction currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.06.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.