Alimentation Couche-Tard Inc (TSE:ATD.B) Raises Dividend to $0.07 Per Share

Alimentation Couche-Tard Inc (TSE:ATD.B) announced a quarterly dividend on Wednesday, July 8th, TickerTech reports. Stockholders of record on Thursday, July 23rd will be paid a dividend of 0.07 per share on Thursday, July 23rd. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, July 8th. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.06.

Shares of ATD.B opened at C$43.37 on Tuesday. Alimentation Couche-Tard has a 12-month low of C$30.40 and a 12-month high of C$46.10. The business’s fifty day moving average is C$42.39 and its 200 day moving average is C$41.07. The company has a quick ratio of 0.79, a current ratio of 1.21 and a debt-to-equity ratio of 91.74. The stock has a market cap of $37.33 billion and a P/E ratio of 23.54.

A number of equities analysts recently issued reports on the company. Raymond James upgraded Alimentation Couche-Tard from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from C$49.00 to C$40.00 in a report on Thursday, March 19th. CIBC increased their target price on Alimentation Couche-Tard from C$46.00 to C$49.00 in a report on Thursday, July 2nd. Royal Bank of Canada raised their price objective on Alimentation Couche-Tard from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. TD Securities raised their price objective on Alimentation Couche-Tard from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, National Bank Financial raised their price objective on Alimentation Couche-Tard from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$55.00.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

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

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