AutoCanada Inc. Announces Quarterly Dividend of $0.10 (ACQ)
AutoCanada Inc. (TSE:ACQ) declared a quarterly dividend on Friday, May 26th. Shareholders of record on Thursday, June 15th will be given a dividend of 0.10 per share on Thursday, June 15th. This represents a $0.40 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, May 26th.
AutoCanada (TSE:ACQ) traded down 0.40% on Friday, reaching $20.02. The company’s stock had a trading volume of 133,355 shares. AutoCanada has a 12 month low of $19.06 and a 12 month high of $27.90. The company has a 50-day moving average price of $22.31 and a 200 day moving average price of $22.92. The company’s market cap is $547.83 million.
In related news, Director Barry Lee James bought 1,895 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The stock was purchased at an average cost of C$21.10 per share, for a total transaction of C$39,984.50.
A number of analysts have recently weighed in on ACQ shares. Scotiabank reiterated a “sector perform” rating and set a C$22.00 target price on shares of AutoCanada in a research report on Thursday, March 23rd. CIBC cut their target price on AutoCanada from C$22.00 to C$20.00 in a research report on Monday, March 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a C$26.00 target price on shares of AutoCanada in a research report on Wednesday, March 15th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of AutoCanada in a research report on Monday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. AutoCanada currently has a consensus rating of “Hold” and an average price target of C$21.00.
AutoCanada Inc (AutoCanada) is a Canada-based multi-location automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products and other after-market products.
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