Bird Construction Inc. (TSE:BDT) to Issue Monthly Dividend of $0.05

Bird Construction Inc. (TSE:BDT - Get Free Report) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.0467 per share on Friday, May 17th. This represents a $0.56 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Bird Construction's previous monthly dividend of $0.04.

Bird Construction Stock Performance

Shares of TSE BDT traded up C$0.21 during trading on Friday, reaching C$19.14. The stock had a trading volume of 44,648 shares, compared to its average volume of 135,597. Bird Construction has a one year low of C$8.01 and a one year high of C$19.47. The company has a debt-to-equity ratio of 46.93, a quick ratio of 1.20 and a current ratio of 1.26. The stock has a market cap of C$1.03 billion, a PE ratio of 14.39, a P/E/G ratio of 0.53 and a beta of 1.21. The firm's 50 day moving average price is C$18.31 and its two-hundred day moving average price is C$14.96.

Bird Construction (TSE:BDT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 earnings per share for the quarter, beating analysts' consensus estimates of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$792.07 million during the quarter, compared to the consensus estimate of C$722.63 million. On average, research analysts forecast that Bird Construction will post 1.7851782 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BDT has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on Bird Construction from C$18.50 to C$24.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. TD Securities boosted their price target on Bird Construction from C$17.00 to C$22.00 and gave the stock a "buy" rating in a research report on Friday, March 8th. National Bankshares boosted their price target on Bird Construction from C$15.00 to C$18.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 7th. Raymond James boosted their price target on Bird Construction from C$18.50 to C$20.50 and gave the stock an "outperform" rating in a research report on Wednesday, March 6th. Finally, ATB Capital boosted their price target on Bird Construction from C$16.50 to C$23.00 and gave the stock an "outperform" rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.06.

About Bird Construction

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.