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

Key Points

• Calian Group Ltd. has declared a quarterly dividend of $0.28 per share, with an annualized yield of 2.3%. The ex-dividend date is set for August 26th, and shareholders of record on September 9th will receive the dividend.
• The company’s stock has recently increased by 1.7%, trading at C$49.37, with a market capitalization of C$586.07 million and a price-to-earnings ratio of 52.86.
• Senior Officer Kevin Lee Ford purchased 1,000 shares of Calian Group, indicating insider confidence, with a total transaction value of C$38,050 at an average price of C$38.05 per share.

Calian Group Ltd. (TSE:CGY - Get Free Report) declared a quarterly dividend on Tuesday, August 26th, TickerTech Dividends reports. Investors of record on Tuesday, September 9th will be paid a dividend of 0.28 per share on Tuesday, September 9th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, August 26th.

Calian Group Price Performance

Calian Group stock traded up C$0.56 during mid-day trading on Friday, hitting C$53.12. 28,435 shares of the company were exchanged, compared to its average volume of 34,819. Calian Group has a 1-year low of C$37.70 and a 1-year high of C$53.60. The company has a market capitalization of C$630.59 million, a PE ratio of 56.88, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54. The business has a fifty day moving average of C$49.86 and a 200 day moving average of C$45.85.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Desjardins lowered their target price on Calian Group from C$62.00 to C$59.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Canaccord Genuity Group lowered their target price on Calian Group from C$75.00 to C$60.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Royal Bank Of Canada lowered their target price on Calian Group from C$60.00 to C$58.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Ventum Financial lowered their target price on Calian Group from C$60.00 to C$58.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Finally, CIBC raised their target price on Calian Group from C$50.00 to C$59.00 in a research note on Monday, July 21st. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$60.67.

Calian Group Company Profile

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management.