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

Aecon Group Inc. (TSE:AREGet Rating) declared a quarterly dividend on Thursday, June 23rd, TickerTech reports. Stockholders of record on Tuesday, July 5th will be given a dividend of 0.185 per share on Tuesday, July 5th. This represents a $0.74 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Thursday, June 23rd.

Shares of Aecon Group stock traded down C$0.40 on Wednesday, hitting C$13.38. The company had a trading volume of 219,448 shares, compared to its average volume of 306,477. Aecon Group has a 52 week low of C$13.22 and a 52 week high of C$22.28. The company has a market cap of C$814.44 million and a PE ratio of 16.22. The business has a 50-day simple moving average of C$14.78 and a 200-day simple moving average of C$16.09. The company has a debt-to-equity ratio of 95.83, a current ratio of 1.45 and a quick ratio of 1.32.

Aecon Group (TSE:AREGet Rating) last released its earnings results on Wednesday, April 27th. The company reported C($0.29) EPS for the quarter, missing the consensus estimate of C($0.27) by C($0.02). The company had revenue of C$985.90 million for the quarter, compared to analyst estimates of C$783.15 million. On average, equities research analysts predict that Aecon Group will post 1.2 earnings per share for the current fiscal year.

Several research firms recently commented on ARE. Raymond James set a C$23.00 target price on shares of Aecon Group and gave the company an “outperform” rating in a research note on Friday, April 29th. Royal Bank of Canada cut their target price on shares of Aecon Group from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 2nd. TD Securities reduced their price target on shares of Aecon Group from C$22.00 to C$19.50 and set a “buy” rating for the company in a research report on Thursday, March 3rd. National Bank Financial downgraded shares of Aecon Group from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Tuesday, March 1st. Finally, Canaccord Genuity Group reduced their price target on shares of Aecon Group from C$25.00 to C$20.00 in a research report on Thursday, March 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$19.51.

About Aecon Group (Get Rating)

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.

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Dividend History for Aecon Group (TSE:ARE)

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