Alimentation Couche-Tard Inc. (ATD) To Go Ex-Dividend on December 4th

Alimentation Couche-Tard Inc. (TSE:ATD) declared a quarterly dividend on Wednesday, December 4th,TickerTech Dividends reports. Stockholders 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 an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.18.

Alimentation Couche-Tard Stock Down 1.1 %

ATD stock opened at C$81.91 on Monday. The firm 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 has a 12 month low of C$71.31 and a 12 month high of C$87.27. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. 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 (TSE:ATD) last announced its earnings results on Wednesday, September 4th. The company reported C$1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. The company had revenue of C$24.99 billion for the quarter, compared to analyst estimates of C$24.73 billion. Equities research analysts forecast that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ATD shares. Desjardins lifted their price target on Alimentation Couche-Tard from C$84.00 to C$85.00 in a report on Wednesday, November 27th. BMO Capital Markets lifted their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. CIBC upped their target price on Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. Royal Bank of Canada decreased their price target on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Finally, National Bankshares increased their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and an average target price of C$87.73.

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.