Cascades Inc. (TSE:CAS) to Issue $0.12 Quarterly Dividend

Cascades Inc. (TSE:CAS) declared a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.12 per share on Thursday, March 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, March 6th.

Cascades Trading Down 3.2 %

Shares of CAS opened at C$10.86 on Tuesday. The stock’s 50-day moving average price is C$12.31 and its 200 day moving average price is C$11.16. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of -14.65, a P/E/G ratio of 0.56 and a beta of 0.15. Cascades has a 12-month low of C$8.83 and a 12-month high of C$13.42.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Securities boosted their price target on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. Scotiabank upgraded Cascades from a “hold” rating to a “strong-buy” rating and upped their price objective for the company from C$12.00 to C$15.50 in a research note on Monday, January 27th. CIBC raised their target price on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada upped their price target on Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$13.25.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.