Aecon hikes dividend, reports record revenue in 2018 GlobeBusiness
Aecon Group Inc. said it notched record annual revenue in 2018, allowing it to raise its quarterly dividend by two cents per share to 14.5 cents.
For the quarter ended Dec. 31, it said revenue rose 38 per cent to $948.5 million compared with the same period in 2017.The launch of the design phase of both the Finch West LRT project in Toronto and the Gordie Howe International Bridge project — set to run between Windsor, Ont., and Detroit — drove “stellar” quarterly results via higher management and development fees in the fourth quarter, said analyst Benoit Poirier of Desjardins Securities.
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