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

Key Points

• Aecon Group declared a quarterly dividend of C$0.1925 per share, implying a 1.6% annualized yield. The ex-dividend date is September 22, and eligible shareholders are scheduled to receive payment on October 2.
• Aecon shares opened at C$47.20, compared with a 52-week range of C$22.28 to C$57.72. The company has a market capitalization of approximately C$3.23 billion.
• The company reported quarterly revenue of C$1.63 billion and earnings of C$0.33 per share, but continued to post a negative net margin and return on equity. Insider activity was mixed, with a director purchasing shares while another insider sold shares.

Aecon Group Inc. (TSE:ARE - Get Free Report) announced a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Friday, October 2nd will be paid a dividend of 0.1925 per share on Friday, October 2nd. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Aecon Group Stock Performance

Shares of TSE:ARE opened at C$47.20 on Friday. The company has a market cap of C$3.23 billion, a P/E ratio of -49.68, a PEG ratio of 18.18 and a beta of 1.39. The company has a debt-to-equity ratio of 84.23, a quick ratio of 1.27 and a current ratio of 1.08. Aecon Group has a one year low of C$22.28 and a one year high of C$57.72. The business's 50-day simple moving average is C$46.70 and its 200 day simple moving average is C$45.88.

Aecon Group (TSE:ARE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share for the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%.The firm had revenue of C$1.63 billion during the quarter. On average, sell-side analysts forecast that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Scott Stewart purchased 4,455 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was acquired at an average price of C$44.89 per share, with a total value of C$199,984.95. Following the completion of the transaction, the director owned 24,484 shares of the company's stock, valued at C$1,099,086.76. This represents a 22.24% increase in their ownership of the stock. Also, insider Steven Neil Nackan sold 4,500 shares of Aecon Group stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$45.55, for a total transaction of C$204,975.00. Following the completion of the sale, the insider owned 8,035 shares of the company's stock, valued at approximately C$365,994.25. This trade represents a 35.90% decrease in their position. Over the last ninety days, insiders sold 7,500 shares of company stock worth $343,875. 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. Aecon generates the majority of its revenue from the Construction segment.

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