Altus Group Limited Declares Quarterly Dividend of $0.15 (TSE:AIF)

Key Points

• Altus Group Limited announced a quarterly dividend of $0.15 per share, which will be paid on October 15th to shareholders of record on September 30th.
• The company's stock rose 3.8% on the day the announcement was made, with shares trading at C$54.21.
• Altus Group operates in the Canadian real estate sector, primarily generating revenue from its Commercial Real Estate Consulting segment.

Altus Group Limited (TSE:AIF - Get Free Report) declared a quarterly dividend on Friday, August 8th, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.15 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.1%.

Altus Group Stock Performance

Shares of AIF stock traded up C$0.68 during trading hours on Friday, hitting C$52.93. 337,974 shares of the company were exchanged, compared to its average volume of 116,837. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The stock has a market capitalization of C$2.46 billion, a price-to-earnings ratio of 926.18, a P/E/G ratio of 0.96 and a beta of 0.82. The firm has a fifty day simple moving average of C$54.02 and a 200 day simple moving average of C$53.68. Altus Group has a 52-week low of C$46.36 and a 52-week high of C$61.09.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment.