Alimentation Couche-Tard Inc. (TSE:ATD) Increases Dividend to $0.20 Per Share

Alimentation Couche-Tard Inc. (TSE:ATD) announced a quarterly dividend on Wednesday, December 4th,TickerTech Dividends reports. Investors of record on Wednesday, December 18th will be given a dividend of 0.195 per share on Wednesday, December 18th. This represents a $0.78 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$81.91 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The firm has a 50-day simple moving average of C$75.61 and a 200 day simple moving average of C$77.85. Alimentation Couche-Tard has a fifty-two week low of C$71.31 and a fifty-two week high of C$87.27. The company has a market cap of C$77.65 billion, a PE ratio of 21.17, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.02. The firm had revenue of C$24.99 billion during the quarter, compared to the consensus estimate of C$24.73 billion. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. On average, sell-side analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on ATD. Canaccord Genuity Group upped their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. CIBC raised their target price on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. BMO Capital Markets upped their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Stifel Nicolaus raised their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Finally, National Bankshares increased their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$87.73.

Alimentation Couche-Tard Company Profile

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.