Aecon Group Inc. Announces Quarterly Dividend of $0.13 (ARE)

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Tuesday, March 6th, Zacks reports. Stockholders of record on Friday, March 23rd will be paid a dividend of 0.125 per share on Monday, April 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, March 22nd.

Shares of TSE ARE traded down C$0.09 during midday trading on Friday, reaching C$18.36. 78,600 shares of the company’s stock were exchanged, compared to its average volume of 239,064. Aecon Group has a 52-week low of C$14.13 and a 52-week high of C$20.06.

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Aecon Group (TSE:ARE) last announced its quarterly earnings data on Tuesday, March 6th. The company reported C$0.33 earnings per share for the quarter. Aecon Group had a return on equity of 13.31% and a net margin of 3.24%. The firm had revenue of C$685.00 million during the quarter, compared to analyst estimates of C$824.90 million.

Separately, AltaCorp Capital restated an “underperform” rating on shares of Aecon Group in a research note on Tuesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$20.36.

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About Aecon Group

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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