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

Aecon Group Inc. (TSE:ARE) declared a quarterly dividend on Tuesday, December 24th,TickerTech Dividends reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.19 per share on Friday, January 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, December 24th.

Aecon Group Price Performance

ARE stock opened at C$27.40 on Wednesday. The stock’s 50 day moving average is C$26.78 and its two-hundred day moving average is C$20.79. Aecon Group has a 52-week low of C$11.80 and a 52-week high of C$29.70. The company has a market capitalization of C$1.71 billion, a PE ratio of -101.48, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86.

Wall Street Analysts Forecast Growth

ARE has been the topic of several research analyst reports. National Bankshares cut Aecon Group from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$28.00 to C$30.00 in a research note on Wednesday, December 4th. Stifel Nicolaus boosted their price objective on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. BMO Capital Markets raised their target price on shares of Aecon Group from C$27.00 to C$29.00 in a report on Friday, December 6th. TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and upped their target price for the company from C$23.00 to C$35.00 in a report on Monday, November 4th. Finally, Canaccord Genuity Group raised their price target on Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$27.53.

About Aecon Group

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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.