Altus Group Ltd (AIF) Declares Quarterly Dividend of $0.15
Altus Group Ltd (TSE:AIF) announced a quarterly dividend on Tuesday, September 19th, Zacks reports. Investors of record on Saturday, September 30th will be given a dividend of 0.15 per share on Monday, October 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, September 28th.
Altus Group (TSE AIF) traded down 0.35% during midday trading on Wednesday, hitting $31.16. The company had a trading volume of 12,864 shares. Altus Group has a 1-year low of $25.25 and a 1-year high of $33.50. The firm has a market capitalization of $1.19 billion and a P/E ratio of 10.76. The company has a 50 day moving average price of $31.03 and a 200 day moving average price of $29.67.
A number of research firms have recently commented on AIF. Royal Bank Of Canada restated a “sector perform” rating and set a C$33.00 target price on shares of Altus Group in a research report on Thursday, June 8th. CIBC cut Altus Group from an “outperform” rating to a “neutral” rating in a report on Thursday, August 3rd. TD Securities lifted their price objective on Altus Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, Canaccord Genuity lifted their price objective on Altus Group from C$34.00 to C$36.00 in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$35.00.
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In related news, insider Edward Charles Orlik sold 2,500 shares of Altus Group stock in a transaction dated Monday, August 21st. The stock was sold at an average price of C$31.88, for a total value of C$79,700.00. Also, Director Raymond Mikulich acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was purchased at an average price of C$28.05 per share, for a total transaction of C$28,050.00.
About Altus Group
Altus Group Ltd provides independent advisory services, software and data solutions. The Company’s segments include Property Tax Consulting (Property Tax); Research, Valuation & Advisory (RVA); ARGUS Software; Geomatics, and Cost Consulting & Project Management (Cost). The Property Tax segment performs property tax assessment reviews and appeals, and assists with property tax compliance filings.
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