Computer Modelling Group Ltd. (TSE:CMG) to Issue $0.05 Quarterly Dividend

Computer Modelling Group Ltd. (TSE:CMGGet Rating) declared a quarterly dividend on Wednesday, May 24th, Zacks reports. Shareholders of record on Wednesday, June 7th will be paid a dividend of 0.05 per share on Thursday, June 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, June 6th.

Computer Modelling Group Trading Down 2.0 %

Shares of CMG stock opened at C$6.72 on Friday. The stock’s fifty day moving average is C$7.07 and its two-hundred day moving average is C$6.49. The company has a debt-to-equity ratio of 76.33, a quick ratio of 2.25 and a current ratio of 2.27. The firm has a market capitalization of C$541.03 million, a P/E ratio of 28.00, a PEG ratio of 1.97 and a beta of 1.26. Computer Modelling Group has a fifty-two week low of C$4.29 and a fifty-two week high of C$7.75.

Insider Activity at Computer Modelling Group

In related news, Director Kenneth Michael Dedeluk sold 4,500 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of C$7.05, for a total value of C$31,725.00. In the last ninety days, insiders have sold 24,500 shares of company stock worth $176,725. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of several analyst reports. Barclays lifted their price target on Computer Modelling Group from C$5.00 to C$6.00 in a report on Monday, March 6th. BMO Capital Markets lifted their price target on Computer Modelling Group from C$6.00 to C$7.50 in a report on Friday, February 10th. Finally, Canaccord Genuity Group lifted their price target on Computer Modelling Group from C$6.50 to C$7.50 in a report on Thursday, February 9th.

Computer Modelling Group Company Profile

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Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil and gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to make informed decisions on large integrated oil and gas projects in Canada.

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Dividend History for Computer Modelling Group (TSE:CMG)

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