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

Alimentation Couche-Tard Inc. (TSE:ATD) declared a quarterly dividend on Thursday, March 27th, TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, March 27th.

Alimentation Couche-Tard Stock Performance

Shares of ATD opened at C$69.78 on Friday. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$85.53. The stock’s 50-day simple moving average is C$72.39 and its 200 day simple moving average is C$75.41. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market capitalization of C$46.36 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. BMO Capital Markets decreased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a report on Thursday, March 20th. Canaccord Genuity Group dropped their price objective on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Scotiabank decreased their target price on Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Thursday, March 20th. Finally, National Bankshares dropped their price target on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. Ten analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.