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

Alimentation Couche-Tard Inc. (TSE:ATD) declared a quarterly dividend on Thursday, September 11th, TickerTech Dividends reports. Stockholders of record on Thursday, September 25th will be given a dividend of 0.195 per share on Thursday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, September 11th.

Alimentation Couche-Tard Trading Down 2.5%

TSE ATD opened at C$74.33 on Tuesday. The firm has a 50 day simple moving average of C$71.03 and a 200-day simple moving average of C$70.83. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$83.73. The firm has a market cap of C$69.92 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.35 and a beta of 0.34.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ATD shares. Stifel Nicolaus lifted their price target on shares of Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Scotiabank lifted their price target on shares of Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Desjardins decreased their price target on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a “buy” rating for the company in a research note on Friday, June 27th. National Bankshares lifted their price target on shares of Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada decreased their price target on shares of Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$85.31.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.