Alaris Royalty Corp. (AD) Declares Monthly Dividend of $0.14
Alaris Royalty Corp. (TSE:AD) announced a monthly dividend on Wednesday, July 19th, Zacks reports. Investors of record on Monday, July 31st will be paid a dividend of 0.135 per share on Tuesday, August 15th. This represents a $1.62 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Thursday, July 27th.
Shares of Alaris Royalty Corp. (TSE:AD) traded down 0.27% during midday trading on Thursday, reaching $22.44. The company had a trading volume of 4,845 shares. Alaris Royalty Corp. has a 12-month low of $17.80 and a 12-month high of $29.79. The stock has a market capitalization of $817.80 million and a PE ratio of 14.38. The stock’s 50 day moving average is $21.18 and its 200-day moving average is $21.91.
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In other news, Director Mary C. Ritchie sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of C$20.18, for a total value of C$100,900.00. Also, insider Darren John Driscoll acquired 1,800 shares of the stock in a transaction dated Thursday, May 25th. The stock was bought at an average cost of C$20.20 per share, with a total value of C$36,360.00. Over the last three months, insiders bought 7,800 shares of company stock valued at $173,700.
A number of research analysts recently weighed in on the company. Raymond James Financial, Inc. upped their price target on Alaris Royalty Corp. from C$22.00 to C$23.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 4th. Scotiabank dropped their price target on Alaris Royalty Corp. from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 10th. CIBC dropped their price target on Alaris Royalty Corp. from C$24.00 to C$20.00 in a research note on Thursday, May 11th. Finally, Desjardins downgraded Alaris Royalty Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alaris Royalty Corp. has a consensus rating of “Hold” and a consensus target price of C$24.21.
Alaris Royalty Corp. Company Profile
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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