AutoCanada Inc. (TSE:ACQ) announced a quarterly dividend on Friday, May 26th, TickerTech reports. Stockholders of record on Thursday, June 15th will be paid a dividend of 0.10 per share on Thursday, June 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, May 26th.
Shares of AutoCanada (ACQ) traded up 0.06% during midday trading on Tuesday, hitting $17.96. 36,608 shares of the stock were exchanged. The stock’s market cap is $491.46 million. The firm’s 50 day moving average price is $19.66 and its 200-day moving average price is $22.68. AutoCanada has a 52-week low of $17.46 and a 52-week high of $27.90.
In other AutoCanada news, Director Barry Lee James bought 1,895 shares of the company’s stock in a transaction on Wednesday, March 22nd. The shares were bought at an average price of C$21.10 per share, for a total transaction of C$39,984.50. Also, Director Arlene Dickinson bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were acquired at an average price of C$18.58 per share, for a total transaction of C$92,900.00.
Several research firms have commented on ACQ. Scotiabank reaffirmed a “sector perform” rating and set a C$22.00 price objective on shares of AutoCanada in a research note on Thursday, March 23rd. AltaCorp Capital reaffirmed an “outperform” rating on shares of AutoCanada in a research note on Monday, March 20th. Royal Bank Of Canada reduced their price objective on AutoCanada from C$23.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Monday, May 8th. Finally, CIBC reduced their price objective on AutoCanada from C$22.00 to C$20.00 in a research note on Monday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$21.00.
AutoCanada Company Profile
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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