Alimentation Couche-Tard Inc (ATD.A) Director Brian Patrick Hannasch Sells 69,263 Shares of Stock

Alimentation Couche-Tard Inc (TSE:ATD.A) Director Brian Patrick Hannasch sold 69,263 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$80.88, for a total value of C$5,602,226.93. Following the sale, the director now directly owns 316,880 shares of the company’s stock, valued at C$25,630,331.79.

Shares of Alimentation Couche-Tard stock opened at C$78.96 on Thursday. Alimentation Couche-Tard Inc has a 1 year low of C$57.41 and a 1 year high of C$67.98.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, April 11th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.50 annualized dividend and a yield of 0.63%. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.10.

Separately, Royal Bank of Canada reaffirmed a “buy” rating and set a C$86.00 target price on shares of Alimentation Couche-Tard in a research report on Thursday, February 28th.

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Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

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