Alaris Royalty Corp. (AD) To Go Ex-Dividend on December 28th

Alaris Royalty Corp. (TSE:AD) declared a monthly dividend on Tuesday, December 19th, Zacks reports. Investors of record on Friday, December 29th will be paid a dividend of 0.135 per share on Monday, January 15th. This represents a $1.62 annualized dividend and a yield of 7.90%. The ex-dividend date of this dividend is Thursday, December 28th.

Shares of Alaris Royalty (AD) traded up C$0.28 during midday trading on Wednesday, reaching C$20.50. 234,101 shares of the company traded hands, compared to its average volume of 126,473. Alaris Royalty has a twelve month low of C$17.90 and a twelve month high of C$24.23. The company has a market cap of $747.33, a PE ratio of 34.17 and a beta of 1.00.

In related news, insider Darren John Driscoll purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of C$18.82 per share, for a total transaction of C$28,230.00. Also, Director E. Mitchell Shier sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$18.44, for a total transaction of C$46,100.00.

Several brokerages recently weighed in on AD. Raymond James Financial raised their price target on shares of Alaris Royalty from C$20.00 to C$21.00 and gave the company a “market perform” rating in a research report on Tuesday, December 19th. Scotiabank decreased their price objective on shares of Alaris Royalty from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Finally, CIBC increased their price objective on shares of Alaris Royalty from C$20.00 to C$23.00 in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$24.14.

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Alaris Royalty Company Profile

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.

Dividend History for Alaris Royalty (TSE:AD)

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