Couche-Tard Stock Hits All-Time High
Published in CSP Daily News
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LAVAL, Quebec -- Convenience store company Alimentation Couche-Tard saw its shares climb to a new high of $82.75 on Thursday after issuing a strong second-quarter earnings report.
Laval, Quebec-based Couche-Tard said its net income surged 26.7% to $229.8 million or $1.21 per share in the third quarter, from $181.3 million or 97 cents a share a year earlier. It also announced its dividend will increase to 10 cents per share from 8.75 cents, payable on Dec. 19.
Couche-Tard shares sat at $80 per share Monday afternoon after trading as low as $45 earlier this year.
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