09:57:42 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Alimentation Couche-Tard Inc
Symbol ATD
Shares Issued 419,265,459
Close 2015-07-31 C$ 58.37
Market Cap C$ 24,472,524,842
Recent Sedar Documents

Inv Reporter says buy Couche-Tard

2015-07-31 21:19 ET - In the News

The Investment Reporter, in its July 24, 2015, issue, says buy Alimentation Couche-Tard Inc., recently $54.99. The Reporter said buy 16 times from Sept. 3, 2004, to Jan. 9, 2015, at prices ranging from $10.83 to $61.88 (the stock split 2 for 1 on March 16, 2005, and 3 for 1 on April 23, 2014). Assuming an investment of $1,000 for each of the 16 buys, the $16,000 position would now be worth a splendid $111,464. In the fiscal year ended April 26, 2015, the convenience store chain earned $1.02-billion (U.S.), or $1.80 (U.S.) a share, up from $766-million (U.S.), or $1.35 (U.S.) a share, in the prior year. Couche-Tard uses its growing earnings to raise its dividend each year. It has just increased its annual dividend to 22 cents a share from 18 cents a share; however, the new dividend yield is only 0.4 per cent. In fiscal 2015, the company repaid a net $58.4-million (U.S.) of debt, reducing its net-debt-to-cash-flow ratio to 1.8. The Reporter expects Couche-Tard to earn more with its acquisitions of 1,500 The Pantry stores in the United States and service stations in Denmark. The stock remains a buy for long-term gains and small but rising dividends.

© 2024 Canjex Publishing Ltd. All rights reserved.