Alimentation Couche-Tard Inc (TSE:ATD.A) Director Richard Fortin Sells 200,000 Shares

Alimentation Couche-Tard Inc (TSE:ATD.A) Director Richard Fortin sold 200,000 shares of the stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of C$50.06, for a total transaction of C$10,011,200.00. Following the completion of the sale, the director now owns 431,200 shares of the company’s stock, valued at approximately C$21,584,147.20.

Shares of ATD.A stock traded down C$1.31 on Friday, hitting C$48.84. The stock had a trading volume of 15,450 shares, compared to its average volume of 33,288. The business has a 50 day moving average of C$50.57 and a 200 day moving average of C$45.50. The stock has a market cap of C$52.31 billion and a price-to-earnings ratio of 16.14. The company has a debt-to-equity ratio of 77.76, a current ratio of 1.48 and a quick ratio of 1.05. Alimentation Couche-Tard Inc has a 12-month low of C$36.90 and a 12-month high of C$52.64.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 23rd. Stockholders of record on Thursday, September 23rd will be issued a $0.0875 dividend. The ex-dividend date of this dividend is Wednesday, September 8th. This represents a $0.35 annualized dividend and a dividend yield of 0.72%. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.07. Alimentation Couche-Tard’s dividend payout ratio is currently 8.35%.

About Alimentation Couche-Tard

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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