ADENTRA Inc. Announces Quarterly Dividend of $0.15 (TSE:ADEN)

ADENTRA Inc. (TSE:ADEN - Get Free Report) declared a quarterly dividend on Monday, July 14th, TickerTech Dividends reports. Shareholders of record on Friday, July 25th will be given a dividend of 0.15 per share on Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Monday, July 14th.

ADENTRA Price Performance

Shares of ADENTRA stock traded down $0.53 during trading on Tuesday, hitting $30.63. The stock had a trading volume of 47,012 shares, compared to its average volume of 67,921. The firm's fifty day simple moving average is $27.24 and its 200-day simple moving average is $30.02. The stock has a market cap of $540.81 million, a PE ratio of 10.44 and a beta of 1.57. ADENTRA has a 12 month low of $24.60 and a 12 month high of $45.25.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ADEN. Desjardins dropped their target price on shares of ADENTRA from C$46.00 to C$41.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group lowered their target price on shares of ADENTRA from C$50.00 to C$44.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Scotiabank set a C$31.00 price objective on shares of ADENTRA and gave the company a "sector perform" rating in a research report on Thursday, June 19th. CIBC cut their price target on ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, National Bankshares dropped their price objective on ADENTRA from C$46.00 to C$41.00 and set an "outperform" rating for the company in a research report on Thursday, June 26th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ADENTRA currently has a consensus rating of "Buy" and a consensus target price of $43.00.

About ADENTRA

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.