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

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, November 20th, TickerTech Dividends reports. Investors of record on Thursday, December 4th will be given a dividend of 0.12 per share on Thursday, December 4th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, November 20th.

Cascades Stock Up 1.0%

Cascades stock opened at C$12.62 on Tuesday. Cascades has a twelve month low of C$8.30 and a twelve month high of C$13.42. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. The firm has a market cap of C$1.28 billion, a PE ratio of 63.10, a P/E/G ratio of 0.56 and a beta of 0.87. The firm’s 50 day moving average price is C$10.54 and its two-hundred day moving average price is C$9.69.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.29 EPS for the quarter. Cascades had a negative net margin of 1.62% and a negative return on equity of 4.35%. The business had revenue of C$1.24 billion for the quarter. On average, research analysts predict that Cascades will post 1.2959309 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CAS. Desjardins boosted their target price on Cascades from C$10.50 to C$13.50 and gave the company a “hold” rating in a research note on Friday, November 7th. Royal Bank Of Canada boosted their price target on Cascades from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Scotiabank increased their price objective on Cascades from C$12.00 to C$13.50 in a report on Monday, November 10th. TD Securities lifted their target price 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 7th. Finally, CIBC increased their price target on shares of Cascades from C$12.00 to C$13.00 in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Cascades has a consensus rating of “Moderate Buy” and an average target price of C$13.17.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers.