Aecon Group Inc. (TSE:ARE) Announces Quarterly Dividend of $0.19

Aecon Group Inc. (TSE:ARE) announced a quarterly dividend on Tuesday, June 23rd, TickerTech Dividends reports. Investors of record on Friday, July 3rd will be paid a dividend of 0.1925 per share on Friday, July 3rd. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Aecon Group Stock Performance

ARE stock opened at C$43.71 on Friday. The business’s 50-day moving average price is C$47.15 and its two-hundred day moving average price is C$39.81. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. The firm has a market cap of C$2.99 billion, a PE ratio of 79.47, a P/E/G ratio of 18.18 and a beta of 1.36. Aecon Group has a 1-year low of C$17.06 and a 1-year high of C$57.72.

Aecon Group (TSE:ARE) last posted its earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share (EPS) for the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. The business had revenue of C$1.26 billion during the quarter. As a group, research analysts forecast that Aecon Group will post 1.3793321 earnings per share for the current year.

Insider Transactions at Aecon Group

In other news, Director John Michael Beck sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$49.77, for a total transaction of C$995,400.00. Following the completion of the transaction, the director directly owned 201,417 shares of the company’s stock, valued at C$10,024,524.09. This represents a 9.03% decrease in their ownership of the stock. Also, insider Ernest Chan sold 521 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of C$55.09, for a total value of C$28,701.89. Following the transaction, the insider directly owned 11,003 shares of the company’s stock, valued at C$606,155.27. This represents a 4.52% decrease in their ownership of the stock. Over the last quarter, insiders sold 148,451 shares of company stock worth $6,382,370. Company insiders own 0.82% of the company’s stock.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.