Alimentation Couche-Tard Inc. Announces Quarterly Dividend of $0.20 (TSE:ATD)

Alimentation Couche-Tard Inc. (TSE:ATD) declared a quarterly dividend on Thursday, March 27th, TickerTech Dividends reports. Investors of record on Thursday, April 10th will be paid a dividend of 0.195 per share on Thursday, April 10th. This represents a $0.78 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, March 27th.

Alimentation Couche-Tard Trading Down 1.2 %

TSE ATD opened at C$69.41 on Thursday. The firm has a market capitalization of C$46.12 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53. The company’s 50 day moving average price is C$72.65 and its 200 day moving average price is C$75.49.

Analyst Ratings Changes

Several research firms recently weighed in on ATD. BMO Capital Markets reduced their target price on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a report on Thursday, March 20th. National Bankshares lowered their target price on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating for the company in a research note on Thursday, March 20th. UBS Group dropped their target price on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. Scotiabank lowered their price objective on Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Thursday, March 20th. Finally, Canaccord Genuity Group dropped their price objective on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Ten investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$86.33.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.