Cargojet Inc. (TSE:CJT) to Issue Quarterly Dividend of $0.35

Key Points

• Cargojet Inc. has announced a quarterly dividend of $0.35 per share, payable on October 3rd to stockholders of record as of September 19th, representing a 1.4% dividend yield.
• The company’s stock was trading at C$99.39 with a market capitalization of C$1.50 billion and a PE ratio of 11.02.
• Cargojet operates a domestic and international air cargo co-load network, servicing 'sixteen major Canadian cities' and various other international routes.

Cargojet Inc. (TSE:CJT - Get Free Report) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Friday, September 19th will be paid a dividend of 0.35 per share on Friday, October 3rd. This represents a c) dividend on an annualized basis and a yield of 1.4%.

Cargojet Trading Down 0.6%

Shares of TSE:CJT traded down C$0.56 during midday trading on Thursday, hitting C$98.70. The company had a trading volume of 52,886 shares, compared to its average volume of 83,551. Cargojet has a 12 month low of C$69.60 and a 12 month high of C$144.97. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The stock has a market cap of C$1.49 billion, a price-to-earnings ratio of 10.94 and a beta of 1.26. The firm has a fifty day simple moving average of C$101.26 and a 200 day simple moving average of C$93.19.

About Cargojet

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.