Alaris Royalty Corp. (TSE:AD) announced a monthly dividend on Tuesday, December 19th, Zacks reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.135 per share on Monday, January 15th. This represents a $1.62 annualized dividend and a yield of 8.12%. The ex-dividend date is Thursday, December 28th.
Alaris Royalty (TSE AD) traded down C$0.04 during trading on Wednesday, reaching C$19.96. The company’s stock had a trading volume of 164,876 shares, compared to its average volume of 125,385. Alaris Royalty has a twelve month low of C$17.90 and a twelve month high of C$24.23.
In other Alaris Royalty news, Director Stephen Walter King purchased 1,400 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average price of C$18.89 per share, for a total transaction of C$26,446.00. Also, Director E. Mitchell Shier sold 2,500 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$18.44, for a total value of C$46,100.00.
Several analysts have weighed in on AD shares. Scotiabank dropped their price target on Alaris Royalty from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Raymond James Financial boosted their price target on Alaris Royalty from C$20.00 to C$21.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, CIBC boosted their price target on Alaris Royalty from C$20.00 to C$23.00 in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Alaris Royalty presently has a consensus rating of “Hold” and a consensus price target of C$24.14.
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About Alaris Royalty
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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