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

Alimentation Couche-Tard Inc. (TSE:ATD) declared 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 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, March 27th.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$70.39 on Friday. The stock has a market capitalization of C$46.77 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.35 and a beta of 0.89. The business has a 50-day moving average of C$72.53 and a two-hundred day moving average of C$75.45. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$85.53. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ATD. Canaccord Genuity Group reduced their target price 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. BMO Capital Markets reduced their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a research note on Thursday, March 20th. TD Securities lowered their target price on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus cut their target price on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alimentation Couche-Tard has an average rating of “Buy” and an average target price of C$86.33.

About Alimentation Couche-Tard

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.