Atlantic Power Corp (AT) Plans Monthly Dividend of $0.03
Atlantic Power Corp (NYSE:AT) declared a monthly dividend on Monday, August 18th, Analyst Ratings Net reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.0305 per share on Tuesday, September 30th. This represents a $0.37 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of analysts have recently weighed in on AT shares. Analysts at Scotiabank reiterated a “sector underperform” rating on shares of Atlantic Power Corp in a research note on Thursday, June 26th. On a related note, analysts at Imperial Capital initiated coverage on shares of Atlantic Power Corp in a research note on Thursday, June 26th. They set an “outperform” rating and a $7.00 price target on the stock. Finally, analysts at National Bank Financial downgraded shares of Atlantic Power Corp from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 25th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.33.
Atlantic Power Corp (NYSE:AT) traded up 0.26% on Monday, hitting $3.85. 545,174 shares of the company’s stock traded hands. Atlantic Power Corp has a 1-year low of $2.11 and a 1-year high of $5.36. The stock’s 50-day moving average is $3.86 and its 200-day moving average is $3.21. The company’s market cap is $464.7 million.
Atlantic Power Corp (NYSE:AT) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.17. Analysts expect that Atlantic Power Corp will post $-0.80 EPS for the current fiscal year.
Atlantic Power Corporation (NYSE:AT) owns and operates a fleet of power generation and infrastructure assets in the United States and Canada.
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