Cascades Inc. Announces Quarterly Dividend of $0.12 (TSE:CAS)

Cascades Inc. (TSE:CAS) declared a quarterly dividend on Thursday, November 21st,TickerTech Dividends reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.12 per share on Thursday, December 5th. This represents a $0.48 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, November 21st.

Cascades Stock Performance

TSE:CAS opened at C$11.06 on Tuesday. Cascades has a twelve month low of C$8.83 and a twelve month high of C$15.00. The company has a market capitalization of C$1.12 billion, a P/E ratio of -26.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55. The firm has a 50-day moving average price of C$10.33 and a two-hundred day moving average price of C$9.72.

Insider Buying and Selling at Cascades

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total transaction of C$33,900.00. 23.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CAS shares. Royal Bank of Canada increased their price objective on Cascades from C$11.00 to C$12.00 in a research note on Friday, November 8th. Scotiabank decreased their price target on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. CIBC cut their price objective on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, TD Securities upped their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$11.92.

Cascades Company Profile

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.