Good moves by ATD

Article Excerpt

ALIMENTATION COUCHE-TARD, $77.28, is a buy. This retailer (Toronto symbol ATD; TSINetwork Rating: Average) (couchetard.com; Shares outstanding: 963.6 million; Market cap: $74.5 billion; Dividend yield: 0.9%) continues to boost your returns through dividends and share buybacks. The company keeps aggressively repurchasing its shares, which helps increase your share price. During the quarter ended October 15, 2023, it spent a whopping $672.9 million to buy back shares. Meanwhile, investors will now benefit from a 25.0% rise in their quarterly dividend, to $0.175 (Canadian) a share from $0.14. That increase started in December 2023. The shares currently yield 0.9%. Alimentation Couche-Tard is a Power Buy. Buy…