Alimentation Couche-Tard Inc. (TSE:ATD) Plans Quarterly Dividend of $0.22

Alimentation Couche-Tard Inc. (TSE:ATD) declared a quarterly dividend on Thursday, March 26th, TickerTech Dividends reports. Investors of record on Thursday, April 9th will be paid a dividend of 0.215 per share on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, March 26th.

Alimentation Couche-Tard Stock Performance

Shares of ATD opened at C$78.20 on Friday. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95. The stock has a 50-day moving average of C$79.56 and a two-hundred day moving average of C$75.34. The stock has a market cap of C$72.39 billion, a P/E ratio of 27.06, a P/E/G ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a one year low of C$66.93 and a one year high of C$85.59.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Tuesday, March 17th. The company reported C$1.10 earnings per share for the quarter. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%.The business had revenue of C$29.74 billion for the quarter. As a group, research analysts predict that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on ATD. BMO Capital Markets upped their price target on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company a “market perform” rating in a report on Thursday, February 12th. Desjardins lifted their price objective on Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Raymond James Financial boosted their price objective on Alimentation Couche-Tard from C$85.00 to C$90.00 in a report on Thursday, March 19th. Jefferies Financial Group upped their target price on Alimentation Couche-Tard from C$88.00 to C$96.00 in a research note on Thursday, February 12th. Finally, Stifel Nicolaus lifted their price target on Alimentation Couche-Tard from C$88.00 to C$95.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$92.42.

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.