ADENTRA Inc. (TSE:ADEN) Plans Quarterly Dividend of $0.15

ADENTRA Inc. (TSE:ADEN - Get Free Report) declared a quarterly dividend on Monday, January 20th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be given 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 an increase from ADENTRA's previous quarterly dividend of $0.14.

ADENTRA Stock Performance

Shares of TSE ADEN traded up $0.14 during mid-day trading on Friday, reaching $35.58. 42,262 shares of the company traded hands, compared to its average volume of 54,964. The company's fifty day moving average is $37.87 and its two-hundred day moving average is $39.52. ADENTRA has a fifty-two week low of $31.21 and a fifty-two week high of $45.25. The stock has a market cap of $890.21 million, a PE ratio of 13.38 and a beta of 1.57.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of ADENTRA from C$53.00 to C$50.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. National Bankshares upped their price objective 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. CIBC reduced their target price on shares of ADENTRA from C$53.00 to C$49.00 in a research note on Wednesday. Raymond James set a C$60.00 price target on ADENTRA and gave the company a "strong-buy" rating in a research note on Friday, December 20th. Finally, Acumen Capital reduced their price objective on ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ADENTRA currently has an average rating of "Buy" and an average price target of $54.57.

ADENTRA Company Profile

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.