Alimentation Couche-Tard Inc. (TSE:ATD) Announces Quarterly Dividend of $0.20

Key Points

• Alimentation Couche-Tard Inc. announced a quarterly dividend of C$0.20, with the ex-dividend date set for September 11th, benefiting stockholders of record on September 25th.
• Recent analyst reports have raised price targets for the stock, with Scotiabank increasing their target from C$78.00 to C$84.00 and maintaining an "outperform" rating.
• The stock opened at C$74.33 and has a market cap of C$69.92 billion, with a current consensus rating of "Buy" and an average target price of C$85.31.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) declared a quarterly dividend on Thursday, September 11th, TickerTech Dividends reports. Stockholders of record on Thursday, September 25th will be given a dividend of 0.195 per share on Thursday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 11th.

Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock traded down C$0.27 during trading on Friday, hitting C$73.64. The stock had a trading volume of 842,123 shares, compared to its average volume of 1,406,559. The firm has a market cap of C$69.27 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 1.35 and a beta of 0.34. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$83.73. The business's 50-day moving average is C$71.46 and its 200 day moving average is C$70.91. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

About Alimentation Couche-Tard

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.