Aecon Group Inc (TSE:ARE) Announces $0.13 Quarterly Dividend

Aecon Group Inc (TSE:ARE) declared a quarterly dividend on Thursday, December 21st, TickerTech reports. Investors of record on Tuesday, January 2nd will be given a dividend of 0.125 per share on Tuesday, January 2nd. This represents a $0.50 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, December 21st.

Shares of Aecon Group (TSE:ARE) opened at C$19.94 on Friday. The firm has a market capitalization of $1,170.00, a P/E ratio of 39.88 and a beta of 0.61. Aecon Group has a 1 year low of C$14.13 and a 1 year high of C$20.04.

Several research firms recently weighed in on ARE. Raymond James Financial dropped their price target on Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday, October 16th. Industrial Alliance Securities cut Aecon Group from a “strong-buy” rating to a “tender” rating and lowered their price objective for the company from C$20.50 to C$20.37 in a research note on Friday, October 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a C$18.00 price objective on shares of Aecon Group in a research note on Monday, October 23rd. National Bank Financial cut Aecon Group from a “sector perform” rating to a “tender” rating and lifted their price objective for the company from C$18.00 to C$20.37 in a research note on Sunday, October 29th. Finally, CIBC cut Aecon Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$21.00 to C$20.37 in a research note on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$20.21.

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Aecon Group Company Profile

Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

Dividend History for Aecon Group (TSE:ARE)

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