Aecon Group Inc. (TSE:ARE) to Issue Quarterly Dividend of $0.19

Aecon Group Inc. (TSE:ARE - Get Free Report) announced a quarterly dividend on Monday, June 23rd, TickerTech Dividends reports. Investors of record on Thursday, July 3rd will be paid a dividend of 0.19 per share on Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Monday, June 23rd.

Aecon Group Trading Down 0.1%

TSE:ARE traded down C$0.01 on Tuesday, reaching C$19.78. The company's stock had a trading volume of 404,026 shares, compared to its average volume of 438,310. Aecon Group has a 1-year low of C$13.03 and a 1-year high of C$29.70. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The firm has a market cap of C$1.25 billion, a PE ratio of -19.46, a PEG ratio of 18.18 and a beta of 1.13. The business's 50-day moving average price is C$18.38 and its two-hundred day moving average price is C$21.09.

Analysts Set New Price Targets

A number of analysts have recently commented on ARE shares. Royal Bank Of Canada cut their price target on Aecon Group from C$18.00 to C$17.00 in a report on Friday, April 25th. CIBC cut their price target on Aecon Group from C$31.00 to C$24.00 in a report on Friday, April 25th. National Bank Financial upgraded Aecon Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, March 9th. Desjardins cut their price target on Aecon Group from C$32.00 to C$29.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, TD Securities cut their price target on Aecon Group from C$23.00 to C$20.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$22.90.

Insider Buying and Selling at Aecon Group

In other news, Director Scott William Thon acquired 10,500 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of C$19.21 per share, with a total value of C$201,705.00. Also, Director Deborah Susan Stein acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average cost of C$18.90 per share, for a total transaction of C$94,500.00. In the last quarter, insiders have acquired 21,825 shares of company stock valued at $419,159. 0.82% of the stock is currently owned by corporate insiders.

About Aecon Group

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.