Aecon Group Inc. Announces Quarterly Dividend of $0.19 (TSE:ARE)

Aecon Group Inc. (TSE:ARE - Get Free Report) declared a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Investors of record on Wednesday, April 2nd will be paid a dividend of 0.19 per share on Wednesday, April 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, March 21st.

Aecon Group Stock Performance

Shares of TSE:ARE traded down C$0.40 during midday trading on Friday, reaching C$17.62. The company had a trading volume of 526,542 shares, compared to its average volume of 464,998. Aecon Group has a 52-week low of C$13.03 and a 52-week high of C$29.70. The company's 50 day moving average price is C$22.53 and its 200 day moving average price is C$23.90. The stock has a market cap of C$1.11 billion, a P/E ratio of -17.33, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84.

Insider Buying and Selling

In related news, Director Stuart Lee acquired 5,700 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Raymond James lowered their price objective on Aecon Group from C$28.00 to C$23.00 and set a "market perform" rating on the stock in a research note on Friday, March 7th. CIBC lowered their price objective on Aecon Group from C$33.00 to C$30.00 in a research note on Friday, March 7th. National Bank Financial upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 9th. Stifel Canada cut Aecon Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Stifel Nicolaus cut Aecon Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$31.00 to C$19.00 in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$25.25.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.