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Shares of Aecon Group (TSX:ARE) have hit 52-week highs recently, with Aecon stock up 16% in the last year. However, in just the last few months, it’s been even more impressive. Shares in that time have climbed 59% in that time!
So, what gives? Today, we’re going to look at the TSX-dominating stock and why now is still a great time to bring in its superb dividend with a yield of 5.07%.
What happened?
Shares of Aecon stock have been climbing higher for a few reasons, both micro and macro, at this point. First off, there have been several upward revisions to the company by analysts, reflecting a higher price target as they’re optimistic about the company’s future.
The company has also continued to put out positive earnings, with even more likely on the way. Again, on a micro level, this includes a partnership with GO Transit. Made in January of this year, the company secured a whopping 23-year…
