Cascades Inc (CAS) Announces Quarterly Dividend of C$0.04
Cascades Inc (TSE:CAS) announced a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.04 per share on Friday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, November 22nd.
Shares of Cascades (TSE:CAS) opened at 11.51 on Thursday. The stock has a 50 day moving average of $12.54 and a 200 day moving average of $10.59. The firm has a market cap of $1.09 billion and a price-to-earnings ratio of 19.84. Cascades has a 12 month low of $7.72 and a 12 month high of $13.65.
Several research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Cascades from C$12.75 to C$14.75 and gave the company an “outperform” rating in a report on Wednesday, September 28th. Desjardins upgraded shares of Cascades from a “hold” rating to a “buy” rating and set a C$15.00 price target for the company in a research note on Monday, September 26th. Royal Bank Of Canada increased their price target on shares of Cascades from C$12.00 to C$14.00 in a research note on Thursday, October 6th. CIBC reiterated an “outperform” rating and set a C$14.00 price target (up previously from C$12.00) on shares of Cascades in a research note on Thursday, October 6th. Finally, RBC Capital Markets increased their price target on shares of Cascades from C$11.00 to C$15.00 in a research note on Friday, September 23rd. Six equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$14.56.
Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
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