Calian Group Ltd. (TSE:CGY) to Issue $0.28 Quarterly Dividend

Calian Group Ltd. (TSE:CGY) announced a quarterly dividend on Monday, December 9th,TickerTech Dividends reports. Shareholders of record on Monday, December 23rd will be paid a dividend of 0.28 per share on Monday, December 23rd. This represents a $1.12 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, December 9th.

Calian Group Stock Performance

Shares of CGY opened at C$50.25 on Friday. Calian Group has a 1 year low of C$42.88 and a 1 year high of C$61.24. The stock has a market capitalization of C$595.46 million, a PE ratio of 35.39, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38. The stock has a 50-day simple moving average of C$48.86 and a 200-day simple moving average of C$50.69.

Insider Activity at Calian Group

In other Calian Group news, Director Raymond Gregory Basler sold 849 shares of Calian Group stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total transaction of C$42,101.91. Insiders have purchased 1,315 shares of company stock valued at $60,477 in the last ninety days. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Acumen Capital decreased their price objective on shares of Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Cormark lowered their target price on shares of Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. CIBC cut their price target on Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Finally, Ventum Financial lowered their price objective on Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Calian Group has a consensus rating of “Buy” and an average price target of C$72.29.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.