Alaris Royalty Corp. (AD) To Go Ex-Dividend on November 29th
Alaris Royalty Corp. (TSE:AD) declared a monthly dividend on Tuesday, November 21st, Zacks reports. Investors of record on Thursday, November 30th will be paid a dividend of 0.135 per share on Friday, December 15th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date of this dividend is Wednesday, November 29th.
Shares of Alaris Royalty Corp. (AD) traded up C$0.20 during trading on Friday, hitting C$18.68. The company had a trading volume of 79,608 shares, compared to its average volume of 119,864. Alaris Royalty Corp. has a one year low of C$17.90 and a one year high of C$24.39.
A number of equities analysts have issued reports on the company. CIBC increased their price objective on Alaris Royalty Corp. from C$20.00 to C$23.00 in a report on Friday, September 1st. Scotiabank decreased their price objective on Alaris Royalty Corp. from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Raymond James Financial, Inc. decreased their price objective on Alaris Royalty Corp. from C$23.00 to C$20.00 and set a “market perform” rating for the company in a report on Wednesday, November 8th. Finally, National Bank Financial increased their price objective on Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of C$24.00.
In other Alaris Royalty Corp. news, Director E. Mitchell Shier sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of C$18.44, for a total value of C$46,100.00. Also, Director Stephen Walter King bought 1,400 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of C$18.89 per share, for a total transaction of C$26,446.00.
About Alaris Royalty Corp.
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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