ADENTRA Inc. (ADEN) to Issue Quarterly Dividend of $0.15 on January 31st

ADENTRA Inc. (TSE:ADEN) announced a quarterly dividend on Monday, January 20th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be paid 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 is Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14.

ADENTRA Price Performance

TSE:ADEN opened at $35.58 on Friday. The company has a 50 day moving average price of $37.94 and a 200-day moving average price of $39.51. ADENTRA has a 1-year low of $31.21 and a 1-year high of $45.25. The firm has a market cap of $890.21 million, a price-to-earnings ratio of 13.38 and a beta of 1.57.

Analyst Ratings Changes

A number of research analysts have weighed in on ADEN shares. Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a “strong-buy” rating in a research report on Friday, December 20th. Acumen Capital reduced their price target on ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Stifel Nicolaus dropped their price objective on ADENTRA from C$53.00 to C$50.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. CIBC cut their price objective on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday. Finally, National Bankshares increased their target price on ADENTRA from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.