ADENTRA Inc. (TSE:ADEN) Declares Quarterly Dividend of $0.14

ADENTRA Inc. (TSE:ADEN - Get Free Report) declared a quarterly dividend on Tuesday, October 15th, TickerTech reports. Investors of record on Friday, October 25th will be paid a dividend of 0.14 per share on Friday, October 25th. This represents a $0.56 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, October 15th.

ADENTRA Stock Performance

Shares of ADENTRA stock traded up $0.61 during trading hours on Friday, reaching $43.45. The company's stock had a trading volume of 21,800 shares, compared to its average volume of 63,790. ADENTRA has a one year low of $24.64 and a one year high of $45.25. The company has a market capitalization of $1.09 billion, a P/E ratio of 16.33 and a beta of 1.57. The stock's fifty day simple moving average is $41.07 and its two-hundred day simple moving average is $35.89.

Analyst Ratings Changes

A number of research firms recently issued reports on ADEN. CIBC raised their price objective on shares of ADENTRA from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a report on Tuesday, August 13th. Acumen Capital raised their price objective on shares of ADENTRA from C$54.00 to C$56.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. National Bankshares raised their price objective on shares of ADENTRA from C$57.00 to C$60.00 and gave the stock an "outperform" rating in a report on Monday, October 7th. Scotiabank raised their price objective on shares of ADENTRA from C$51.00 to C$52.50 and gave the stock an "outperform" rating in a report on Tuesday, July 30th. Finally, Stifel Nicolaus lifted their target price on shares of ADENTRA from C$50.00 to C$55.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, ADENTRA presently has a consensus rating of "Buy" and an average target price of $55.50.

Insider Activity

In related news, Senior Officer Daniel Brian Figgins sold 7,800 shares of the business's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $38.76, for a total transaction of $302,328.00. 10.73% of the stock is currently owned by corporate insiders.

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.