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. Investors 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 annualized dividend and a yield of 4.25%. The ex-dividend date is Friday, March 21st.

Aecon Group Trading Down 0.6 %

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

Analyst Upgrades and Downgrades

ARE has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective on shares of Aecon Group from C$27.00 to C$20.00 in a research note on Monday, March 10th. Stifel Canada lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 6th. BMO Capital Markets dropped their price objective on shares of Aecon Group from C$29.00 to C$24.00 in a research note on Friday, March 7th. National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 9th. Finally, National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.25.

Insider Activity

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

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.