Aecon Group Inc (ARE) To Go Ex-Dividend on March 22nd

Aecon Group Inc (TSE:ARE) announced a quarterly dividend on Wednesday, March 22nd. Stockholders of record on Monday, April 3rd will be paid a dividend of 0.125 per share on Monday, April 3rd. This represents a $0.50 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, March 22nd. This is a positive change from Aecon Group’s previous quarterly dividend of $0.12.

Shares of Aecon Group (TSE:ARE) opened at 17.25 on Tuesday. The company has a market cap of $998.14 million and a PE ratio of 22.09. The stock’s 50 day moving average price is $16.50 and its 200 day moving average price is $16.28. Aecon Group has a one year low of $13.07 and a one year high of $19.19.

Dividend History for Aecon Group (TSE:ARE)

A number of research firms have weighed in on ARE. Paradigm Capital raised their price target on Aecon Group from C$18.00 to C$19.00 in a research report on Thursday, March 9th. CIBC raised their price target on Aecon Group from C$19.00 to C$20.00 in a research report on Thursday, March 9th. TD Securities set a C$19.50 price target on Aecon Group and gave the company a “buy” rating in a research report on Thursday, March 9th. Scotiabank raised their price target on Aecon Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, March 9th. Finally, Desjardins raised their price target on Aecon Group from C$18.00 to C$19.00 in a research report on Thursday, March 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$19.32.

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Aecon Group Company Profile

Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.

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