ADENTRA Inc. (TSE:ADEN) Increases Dividend to $0.15 Per Share

ADENTRA Inc. (TSE:ADEN) announced a quarterly dividend on Monday, January 20th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.15 per share on Friday, January 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, January 20th. This is a boost from ADENTRA’s previous quarterly dividend of $0.14.

ADENTRA Price Performance

TSE:ADEN opened at $35.58 on Friday. ADENTRA has a 12 month low of $31.21 and a 12 month high of $45.25. The firm has a market capitalization of $890.21 million, a PE ratio of 13.38 and a beta of 1.57. The business’s fifty day moving average price is $37.94 and its 200 day moving average price is $39.51.

Wall Street Analysts Forecast Growth

ADEN has been the topic of several research analyst reports. Acumen Capital cut their price target on shares of ADENTRA from C$56.00 to C$54.00 in a research note on Friday, November 15th. CIBC lowered their target price on shares of ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday. National Bankshares upped their price target on shares of ADENTRA from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Raymond James set a C$60.00 price target on shares of ADENTRA and gave the stock a “strong-buy” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus dropped their price objective on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $54.57.

About ADENTRA

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.