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

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

ADENTRA Price Performance

Shares of ADEN traded up $0.61 on Friday, hitting $43.45. The company’s stock had a trading volume of 21,800 shares, compared to its average volume of 63,790. The company has a market capitalization of $1.09 billion, a PE ratio of 16.33 and a beta of 1.57. ADENTRA has a fifty-two week low of $24.64 and a fifty-two week high of $45.25. The company has a 50 day moving average price of $41.07 and a 200 day moving average price of $35.89.

Insider Activity

In other 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 company insiders.

Analyst Upgrades and Downgrades

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

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.