AutoCanada Inc. (TSE:ACQ) to Issue $0.10 Quarterly Dividend
AutoCanada Inc. (TSE:ACQ) declared a quarterly dividend on Monday, August 14th, Zacks reports. Stockholders of record on Thursday, August 31st will be paid a dividend of 0.10 per share on Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, August 29th.
AutoCanada (TSE ACQ) opened at 21.96 on Tuesday. The firm has a market capitalization of $601.22 million and a P/E ratio of 62.56. AutoCanada has a one year low of $17.46 and a one year high of $27.90. The stock has a 50 day moving average price of $19.09 and a 200 day moving average price of $21.30.
In other news, Director Arlene Dickinson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of C$18.58 per share, with a total value of C$92,900.00.
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A number of research analysts recently issued reports on ACQ shares. Scotiabank reissued a “sector perform” rating and issued a C$22.00 price objective on shares of AutoCanada in a research note on Friday, April 28th. CIBC decreased their price objective on shares of AutoCanada from C$20.00 to C$19.00 and set an “underperform” rating on the stock in a research note on Monday, May 15th. Royal Bank Of Canada decreased their price objective on shares of AutoCanada from C$23.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Monday, May 15th. Finally, Canaccord Genuity lifted their price objective on shares of AutoCanada from C$20.50 to C$21.00 in a research note on Monday.
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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