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

Key Points

• ADENTRA Inc. has declared a quarterly dividend of $0.15 per share, payable on October 31st to investors of record on October 20th, which equates to an annualized yield of 2.0%.
• The company's stock recently traded at $29.54, with a market capitalization of $521.56 million and a price-to-earnings ratio of 10.07, showing a 12-month price range between $24.60 and $44.08.
• ADENTRA operates a network of 86 facilities across North America, distributing architectural products to various markets, including residential and commercial construction.

ADENTRA Inc. (TSE:ADEN - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Monday, October 20th will be given a dividend of 0.15 per share on Friday, October 31st. This represents a c) annualized dividend and a yield of 1.8%.

ADENTRA Trading Up 0.6%

ADEN traded up $0.19 during trading on Friday, reaching $32.58. 86,392 shares of the company's stock were exchanged, compared to its average volume of 66,430. ADENTRA has a one year low of $24.60 and a one year high of $44.08. The stock has a market capitalization of $575.24 million, a PE ratio of 11.11 and a beta of 1.57. The firm has a fifty day moving average price of $28.84 and a two-hundred day moving average price of $29.30.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADEN. CIBC decreased their target price on shares of ADENTRA from C$44.00 to C$34.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Desjardins decreased 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 research report on Thursday, May 8th. Scotiabank set a C$31.00 target price on shares of ADENTRA and gave the company a "sector perform" rating in a research report on Thursday, June 19th. National Bankshares decreased their target price on shares of 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. Finally, Stifel Nicolaus decreased their target price on shares of ADENTRA from C$41.00 to C$36.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target 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.