Bird Construction Inc. (TSE:BDT) Announces $0.07 Monthly Dividend

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Thursday, March 20th will be paid a dividend of 0.07 per share on Thursday, March 20th. This represents a $0.84 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, February 28th.

Bird Construction Stock Performance

Shares of TSE:BDT traded up C$0.37 during trading on Wednesday, reaching C$22.25. 40,377 shares of the stock were exchanged, compared to its average volume of 213,518. The firm has a market cap of C$1.24 billion, a PE ratio of 13.47, a PEG ratio of 0.53 and a beta of 1.05. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. Bird Construction has a 12 month low of C$16.74 and a 12 month high of C$32.67. The stock has a 50-day moving average price of C$24.34 and a 200-day moving average price of C$25.87.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. CIBC increased their price objective on Bird Construction from C$34.00 to C$36.00 in a research report on Monday, February 3rd. Stifel Nicolaus upped their price target on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Bird Construction currently has a consensus rating of “Moderate Buy” and an average price target of C$33.25.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.