Bird Construction Inc. (TSE:BDT) will issue a monthly dividend of $0.03

Construction Birds Inc. (TSE:BDT – Get Rating) declared a monthly dividend on Wednesday, September 28, TickerTech reports. Shareholders of record on Thursday, October 20 will receive a dividend of 0.0325 per share on Thursday, October 20. This represents an annualized dividend of $0.39 and a dividend yield of 6.38%. The ex-dividend date is Wednesday, September 28.

Bird Building Stock Performance

Shares of Bird Construction opened at C$6.11 on Monday. The company’s 50-day simple moving average is C$6.83 and its 200-day simple moving average is C$7.86. The company has a market capitalization of C$328.08 million and a P/E ratio of 7.73. The company has a debt ratio of 67.84, a current ratio of 1.24 and a quick ratio of 1.22. Bird Construction has a fifty-two week minimum of C$6.02 and a fifty-two week maximum of C$10.78.

A Wall Street analyst gives his opinion

Several research analysts have recently weighed in on BDT shares. ATB Capital lowered its price target on Bird Construction shares from C$12.75 to C$10.00 in a Thursday, August 11 research report. TD Securities downgraded Bird Construction shares from a “buy” rating to a “hold” rating and lowered its target price for the stock from C$10.50 to C$8.00 in a research report Monday, August 8. Stifel Nicolaus lowered his price target on Bird Construction shares from C$9.50 to C$9.00 in a Thursday, August 11 report. CIBC downgraded the shares of Bird Construction from an “outperform” rating to a “neutral” rating and lowered its price target for the stock from C$12.00 to C$9.00 in a report released Wednesday, July 13. Finally, National Bankshares cut its price target on Bird Construction shares from CA$12.00 to CA$9.00 in a Thursday, August 11 report.

Bird Construction Company Profile

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Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution and warehousing facilities; undertakes structural, mechanical, piping, electrical and instrumentation work which includes off-site fabrication of metal and modules; and provides metal insulation, cladding and coating, conduit, asbestos removal, and high voltage testing and commissioning services, as well as power line construction.

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Dividend history for Bird Construction (TSE:BDT)

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