Alimentation Couche-Tard Inc. Declares Quarterly Dividend of $0.18 (TSE:ATD)

Alimentation Couche-Tard Inc. (TSE:ATD) announced a quarterly dividend on Tuesday, June 25th, Zacks reports. Shareholders of record on Friday, July 5th will be paid a dividend of 0.175 per share on Friday, July 19th. This represents a $0.70 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, July 5th.

Alimentation Couche-Tard Price Performance

ATD stock traded down C$0.18 on Thursday, reaching C$76.94. The company had a trading volume of 222,475 shares, compared to its average volume of 1,435,253. Alimentation Couche-Tard has a 1 year low of C$64.82 and a 1 year high of C$87.27. The company has a market cap of C$74.00 billion, a P/E ratio of 18.72, a PEG ratio of 1.35 and a beta of 0.85. The company’s fifty day moving average is C$77.32 and its 200 day moving average is C$78.76. The company has a debt-to-equity ratio of 111.10, a quick ratio of 0.88 and a current ratio of 0.86.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TD Securities lowered their target price on shares of Alimentation Couche-Tard from C$94.00 to C$90.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. JPMorgan Chase & Co. lowered their price target on Alimentation Couche-Tard from C$80.00 to C$79.00 in a report on Wednesday, March 13th. BMO Capital Markets cut their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$89.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. National Bank Financial lowered shares of Alimentation Couche-Tard from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Thursday, March 21st. Finally, Scotiabank cut their target price on Alimentation Couche-Tard from C$90.00 to C$87.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$86.85.

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.