ADENTRA Inc. (TSE:ADEN) Plans Quarterly Dividend of $0.15

ADENTRA Inc. (TSE:ADEN) announced a quarterly dividend on Monday, January 20th,TickerTech Dividends reports. Investors 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 yield of 1.69%. The ex-dividend date is Monday, January 20th. This is an increase from ADENTRA’s previous quarterly dividend of $0.14.

ADENTRA Price Performance

TSE ADEN opened at $35.58 on Friday. ADENTRA has a 12 month low of $31.21 and a 12 month high of $45.25. The stock has a market capitalization of $890.21 million, a P/E ratio of 13.38 and a beta of 1.57. The firm’s 50-day moving average is $37.94 and its two-hundred day moving average is $39.51.

Analyst Upgrades and Downgrades

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

About ADENTRA

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.