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

Key Points

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Cascades Inc. (TSE:CAS - Get Free Report) declared a quarterly dividend on Thursday, August 21st, TickerTech Dividends reports. Investors of record on Thursday, September 4th will be paid a dividend of 0.12 per share on Thursday, September 4th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, August 21st.

Cascades Price Performance

Shares of TSE CAS opened at C$9.88 on Tuesday. Cascades has a twelve month low of C$8.30 and a twelve month high of C$13.42. The firm has a fifty day simple moving average of C$9.27 and a 200 day simple moving average of C$9.73. The company has a market capitalization of C$999.37 million, a PE ratio of -13.32, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 121.37.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CAS. Desjardins reduced their price target on shares of Cascades from C$11.00 to C$10.50 and set a "hold" rating for the company in a report on Monday, August 11th. National Bankshares reduced their price target on shares of Cascades from C$14.00 to C$11.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada raised their price target on shares of Cascades from C$10.00 to C$11.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. TD Securities raised their price target on shares of Cascades from C$9.50 to C$10.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Finally, CIBC reduced their price target on shares of Cascades from C$13.00 to C$10.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Cascades currently has a consensus rating of "Hold" and an average target price of C$11.33.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers.

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