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

Alimentation Couche-Tard logo with Consumer Cyclical background

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

Alimentation Couche-Tard Stock Up 0.2 %

Shares of TSE:ATD traded up C$0.17 on Monday, reaching C$69.95. The company had a trading volume of 335,661 shares, compared to its average volume of 1,311,757. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The firm has a market capitalization of C$46.48 billion, a PE ratio of 18.25, a PEG ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$85.53. The firm's 50 day simple moving average is C$72.39 and its 200-day simple moving average is C$75.38.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ATD shares. BMO Capital Markets cut their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a research report on Thursday, March 20th. Veritas raised shares of Alimentation Couche-Tard to a "strong-buy" rating in a report on Thursday, March 20th. Canaccord Genuity Group decreased their price objective on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Desjardins dropped their target price on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, Stifel Nicolaus lowered their price target on Alimentation Couche-Tard from C$88.00 to C$86.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Ten equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Alimentation Couche-Tard presently has an average rating of "Buy" and a consensus target price of C$86.33.

Read Our Latest Analysis on ATD

Alimentation Couche-Tard Company Profile

(Get Free Report)

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.

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Dividend History for Alimentation Couche-Tard (TSE:ATD)

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