Aecon Group Inc (TSE:ARE) to Issue Quarterly Dividend of $0.15

Aecon Group Inc (TSE:ARE) declared a quarterly dividend on Thursday, June 20th, TickerTech reports. Shareholders of record on Wednesday, July 3rd will be given a dividend of 0.145 per share on Wednesday, July 3rd. This represents a $0.58 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, June 20th.

ARE stock opened at C$19.01 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.54 and a debt-to-equity ratio of 86.91. Aecon Group has a twelve month low of C$14.92 and a twelve month high of C$19.79. The firm has a market cap of $1.15 billion and a price-to-earnings ratio of 17.78.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Thursday, April 25th. The company reported C($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of C($0.33) by C$0.17. The firm had revenue of C$650.33 million for the quarter, compared to the consensus estimate of C$468.58 million. As a group, analysts anticipate that Aecon Group will post 1.23 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. Raymond James boosted their price objective on shares of Aecon Group from C$23.00 to C$26.00 and gave the company a “strong-buy” rating in a research report on Monday, June 10th. Canaccord Genuity boosted their price objective on shares of Aecon Group from C$24.00 to C$26.00 in a research report on Monday, April 29th. Finally, National Bank Financial boosted their price objective on shares of Aecon Group from C$21.50 to C$24.00 in a research report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$23.38.

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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 three segments: Infrastructure, Industrial, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in municipal road construction, asphalt production and aggregates, material engineering and design, and foundation activities.

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Dividend History for Aecon Group (TSE:ARE)

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