Bird Construction Inc. (TSE:BDT) to Issue Monthly Dividend of $0.07

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Stockholders of record on Tuesday, May 20th will be given a dividend of 0.07 per share on Tuesday, May 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Wednesday, April 30th.

Bird Construction Trading Down 1.5 %

Shares of BDT stock opened at C$20.68 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. Bird Construction has a fifty-two week low of C$17.52 and a fifty-two week high of C$32.67. The firm’s 50 day moving average price is C$21.06 and its two-hundred day moving average price is C$25.11. The stock has a market cap of C$1.16 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Wall Street Analyst Weigh In

BDT has been the subject of several recent research reports. CIBC lowered their price target on Bird Construction from C$36.00 to C$31.00 in a report on Friday, March 14th. Canaccord Genuity Group lowered their price objective on shares of Bird Construction from C$36.00 to C$35.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Cibc World Mkts raised shares of Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 14th. Stifel Nicolaus cut their price objective on shares of Bird Construction from C$37.00 to C$34.50 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, TD Securities lowered their target price on Bird Construction from C$36.00 to C$33.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$31.61.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.