ADENTRA Inc. (ADEN) to Distribute Quarterly Dividend of $0.16 on July 31st

ADENTRA Inc. (TSE:ADEN) declared a quarterly dividend on Monday, July 20th, TickerTech Dividends reports. Shareholders of record on Friday, July 31st will be given a dividend of 0.16 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, July 20th.

ADENTRA Price Performance

Shares of TSE ADEN opened at $37.90 on Friday. The business has a fifty day moving average price of $34.70 and a two-hundred day moving average price of $35.63. The stock has a market capitalization of $918.20 million, a PE ratio of 14.41 and a beta of 1.60. ADENTRA has a fifty-two week low of $28.95 and a fifty-two week high of $41.20.

Analyst Upgrades and Downgrades

ADEN has been the subject of a number of analyst reports. TD boosted their price target on ADENTRA from C$42.00 to C$43.00 and gave the company a “buy” rating in a research note on Tuesday. Scotiabank dropped their target price on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th. Finally, Stifel Nicolaus lifted their target price on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ADENTRA has a consensus rating of “Buy”.

ADENTRA Company Profile

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.