Alimentation Couche-Tard Inc (TSE:ATD.B) Declares $0.13 Quarterly Dividend
Alimentation Couche-Tard Inc (TSE:ATD.B) announced a quarterly dividend on Wednesday, July 17th, TickerTech reports. Investors of record on Thursday, August 1st will be given a dividend of 0.125 per share on Thursday, August 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Wednesday, July 17th.
ATD.B opened at C$82.76 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 78.48. Alimentation Couche-Tard has a fifty-two week low of C$59.12 and a fifty-two week high of C$88.40. The firm has a market cap of $36.19 billion and a price-to-earnings ratio of 25.46. The stock has a 50-day simple moving average of C$84.28.
A number of equities research analysts recently weighed in on ATD.B shares. Raymond James set a $28.00 target price on shares of Wheaton Precious Metals and gave the stock a “buy” rating in a report on Thursday, March 21st. Canaccord Genuity upped their target price on shares of Alimentation Couche-Tard from C$78.00 to C$82.00 and gave the stock a “buy” rating in a report on Thursday, July 4th. Desjardins lowered shares of Alimentation Couche-Tard from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. TD Securities lowered shares of Alimentation Couche-Tard from a “buy” rating to a “hold” rating and set a C$90.00 target price on the stock. in a report on Thursday, July 11th. Finally, CIBC restated a “market perform” rating on shares of Monro in a report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alimentation Couche-Tard currently has a consensus rating of “Buy” and a consensus target price of C$85.56.
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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