Calian Group Ltd. (TSE:CGY) Plans $0.28 Quarterly Dividend

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) announced a quarterly dividend on Tuesday, August 26th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 9th will be given a dividend of 0.28 per share on Tuesday, September 9th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, August 26th.

Calian Group Trading Up 1.7%

Shares of Calian Group stock traded up C$0.90 during trading on Thursday, hitting C$52.56. The stock had a trading volume of 69,287 shares, compared to its average volume of 34,861. The firm's fifty day simple moving average is C$49.74 and its 200-day simple moving average is C$45.84. The stock has a market cap of C$623.94 million, a PE ratio of 56.28, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20. Calian Group has a 12 month low of C$37.70 and a 12 month high of C$53.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CGY shares. Royal Bank Of Canada lowered their target price on shares of Calian Group from C$60.00 to C$58.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Desjardins cut their target price on shares of Calian Group from C$62.00 to C$59.00 and set a "buy" rating on the stock in a research report on Thursday, August 14th. CIBC lifted their price objective on shares of Calian Group from C$50.00 to C$59.00 in a research report on Monday, July 21st. Canaccord Genuity Group cut their price objective on shares of Calian Group from C$75.00 to C$60.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Ventum Financial lowered their target price on shares of 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Calian Group presently has a consensus 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.