ADENTRA Inc. (TSE:ADEN) Announces Dividend Increase – $0.15 Per Share

ADENTRA Inc. (TSE:ADEN) declared a quarterly dividend on Monday, January 20th,TickerTech Dividends reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.15 per share on Friday, January 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, January 20th. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14.

ADENTRA Price Performance

ADENTRA stock opened at $35.58 on Friday. The company has a market cap of $890.21 million, a P/E ratio of 13.38 and a beta of 1.57. ADENTRA has a fifty-two week low of $31.21 and a fifty-two week high of $45.25. The firm’s 50 day simple moving average is $37.94 and its 200-day simple moving average is $39.51.

Analysts Set New Price Targets

Several brokerages have issued reports on ADEN. Raymond James set a C$60.00 target price on shares of ADENTRA and gave the company a “strong-buy” rating in a research note on Friday, December 20th. CIBC dropped their price target on ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday. National Bankshares raised their price objective on ADENTRA from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Acumen Capital dropped their target price on ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Finally, Stifel Nicolaus decreased their price target on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $54.57.

ADENTRA Company Profile

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.