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

Cascades Inc. (TSE:CAS - Get Free Report) declared a quarterly dividend on Thursday, May 22nd, TickerTech Dividends reports. Investors of record on Thursday, June 5th will be paid a dividend of 0.12 per share on Thursday, June 5th. This represents a $0.48 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Thursday, May 22nd.

Cascades Trading Up 1.8%

TSE CAS opened at C$8.85 on Tuesday. The company has a fifty day moving average of C$9.29 and a 200 day moving average of C$10.98. The company has a market capitalization of C$895.19 million, a PE ratio of -11.94, a P/E/G ratio of 0.56 and a beta of 0.15. Cascades has a 1 year low of C$8.30 and a 1 year high of C$13.42. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86.

Insider Activity

In other news, Director Nelson Gentiletti acquired 6,000 shares of Cascades stock in a transaction on Thursday, May 15th. The stock was bought at an average price of C$8.69 per share, for a total transaction of C$52,140.00. Also, Senior Officer Luc Langevin sold 9,000 shares of Cascades stock in a transaction on Thursday, March 27th. The stock was sold at an average price of C$9.82, for a total transaction of C$88,380.00. Insiders own 23.78% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CAS. Royal Bank of Canada dropped their price target on shares of Cascades from C$13.00 to C$11.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd. National Bankshares dropped their target price on shares of Cascades from C$14.00 to C$11.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Scotiabank raised shares of Cascades from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from C$12.00 to C$15.50 in a research report on Monday, January 27th. CIBC reduced their price objective on shares of Cascades from C$13.00 to C$10.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, TD Securities cut shares of Cascades from a "buy" rating to a "hold" rating and cut their target price for the stock from C$12.00 to C$9.50 in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$11.40.

About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.

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