Alimentation Couche-Tard Inc. (TSE:ATD) Plans Quarterly Dividend of $0.21

Alimentation Couche-Tard Inc. (TSE:ATD) announced a quarterly dividend on Friday, September 11th. Investors of record on Friday, September 25th will be given a dividend of 0.215 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th.

Alimentation Couche-Tard Stock Performance

TSE:ATD opened at C$79.98 on Wednesday. The stock has a 50 day simple moving average of C$88.92 and a 200 day simple moving average of C$83.66. The stock has a market cap of C$73.42 billion, a P/E ratio of 23.25, a PEG ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a 1-year low of C$68.30 and a 1-year high of C$95.15. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19.

Alimentation Couche-Tard (TSE:ATD) last posted its quarterly earnings data on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. The firm had revenue of C$30.43 billion for the quarter. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%. Research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on ATD. Canadian Imperial Bank of Commerce upped their price target on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada set a C$111.00 price objective on shares of Alimentation Couche-Tard and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Raymond James Financial cut their price objective on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a report on Thursday, September 3rd. National Bank Financial decreased their target price on shares of Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating on the stock in a research report on Thursday, September 3rd. Finally, BMO Capital Markets lowered their target price on shares of Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating on the stock in a report on Thursday, September 3rd. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard presently has an average rating of “Moderate Buy” and an average target price of C$99.73.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.