Aecon Group Inc. (TSE:ARE) Announces $0.19 Quarterly Dividend

Key Points

• Aecon Group Inc. has announced a quarterly dividend of C$0.19, payable on October 2nd to investors of record from October 2nd, with an ex-dividend date on September 22nd.
• The company's stock is currently priced at C$23.42, with a market capitalization of C$1.49 billion, and notable 52-week performance ranging from a low of C$15.21 to a high of C$29.70.
• Aecon operates in the construction and concessions sectors, focusing on public and private infrastructure projects, particularly in transportation.

Aecon Group Inc. (TSE:ARE - Get Free Report) announced a quarterly dividend on Monday, September 22nd, TickerTech Dividends reports. Investors of record on Thursday, October 2nd will be paid a dividend of 0.19 per share on Thursday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, September 22nd.

Aecon Group Stock Down 2.9%

Shares of ARE stock traded down C$0.68 during trading hours on Tuesday, reaching C$22.49. The company had a trading volume of 429,813 shares, compared to its average volume of 403,471. Aecon Group has a 12 month low of C$15.21 and a 12 month high of C$29.70. The business has a fifty day simple moving average of C$20.67 and a 200-day simple moving average of C$19.18. The company has a market cap of C$1.43 billion, a price-to-earnings ratio of 53.55, a price-to-earnings-growth ratio of 18.18 and a beta of 1.49. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ARE. Desjardins cut their target price on Aecon Group from C$24.00 to C$22.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. TD Securities boosted their target price on Aecon Group from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. ATB Capital cut their target price on Aecon Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 5th. National Bank Financial upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 1st. Finally, BMO Capital Markets boosted their target price on Aecon Group from C$19.00 to C$22.00 in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$22.70.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.