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

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Stockholders of record on Wednesday, April 2nd will be paid a dividend of 0.19 per share on Wednesday, April 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, March 21st.

Aecon Group Price Performance

Shares of Aecon Group stock opened at C$17.89 on Wednesday. Aecon Group has a twelve month low of C$13.03 and a twelve month high of C$29.70. The stock has a market capitalization of C$1.13 billion, a P/E ratio of -17.60, a PEG ratio of 18.18 and a beta of 1.13. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The business’s fifty day moving average price is C$22.95 and its 200 day moving average price is C$23.92.

Insider Buying and Selling

In other Aecon Group news, Director Stuart Lee purchased 5,700 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of C$18.35 per share, for a total transaction of C$104,595.00. Insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the topic of a number of research analyst reports. BMO Capital Markets reduced their target price on Aecon Group from C$29.00 to C$24.00 in a report on Friday, March 7th. CIBC reduced their target price on Aecon Group from C$33.00 to C$30.00 in a report on Friday, March 7th. National Bankshares upgraded Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday, March 10th. Stifel Canada cut Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, National Bank Financial upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 9th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$25.25.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.