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

Key Points

• Cascades declared a quarterly dividend of C$0.12 per share, with an indicated yield of approximately 2.8%. The ex-dividend date and shareholder record date are August 20 and September 3, respectively.
• Cascades reported quarterly EPS of C$0.24 and revenue of C$1.22 billion, while the stock opened at C$17.38 after a reported 2.5% decline.
• Analyst sentiment remains positive: Cascades has an overall “Moderate Buy” rating and an average price target of C$16.50, with several firms recently raising their targets and ratings.

Cascades Inc. (TSE:CAS - Get Free Report) declared a quarterly dividend on Thursday, August 20th, TickerTech Dividends reports. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.12 per share on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, August 20th.

Cascades Stock Down 2.5%

Cascades stock opened at C$17.38 on Tuesday. The company's 50-day moving average price is C$12.89 and its two-hundred day moving average price is C$12.06. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08. The stock has a market cap of C$1.76 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.56 and a beta of 1.04. Cascades has a twelve month low of C$9.35 and a twelve month high of C$17.97.

Cascades (TSE:CAS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%.The company had revenue of C$1.22 billion during the quarter. As a group, analysts expect that Cascades will post 1.2959309 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Scotia lifted their price target on Cascades from C$16.00 to C$20.50 and gave the stock a "sector outperform" rating in a report on Friday. Desjardins upped their price objective on Cascades from C$13.00 to C$19.00 and gave the company a "hold" rating in a report on Monday, August 10th. Royal Bank Of Canada increased their price objective on Cascades from C$15.00 to C$18.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. TD lifted their target price on Cascades from C$13.00 to C$15.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, Canadian Imperial Bank of Commerce raised shares of Cascades from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Cascades presently has an average rating of "Moderate Buy" and an average target price of C$16.50.

Cascades Company Profile

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.

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