Cascades Inc (CAS) To Go Ex-Dividend on November 22nd
Cascades Inc (TSE:CAS) announced a quarterly dividend on Tuesday, November 22nd. Investors 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 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 22nd.
Shares of Cascades (TSE:CAS) opened at 11.51 on Thursday. Cascades has a one year low of $7.72 and a one year high of $13.65. The company has a market capitalization of $1.09 billion and a PE ratio of 19.84. The company has a 50-day moving average of $12.54 and a 200-day moving average of $10.59.
Several analysts have recently commented on CAS shares. CIBC upgraded shares of Cascades from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from C$8.00 to C$12.00 in a report on Monday, August 29th. National Bank Financial downgraded shares of Cascades from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Friday, August 5th. Desjardins upgraded shares of Cascades from a “hold” rating to a “buy” rating and set a C$15.00 target price for the company in a report on Monday, September 26th. Scotiabank increased 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. Finally, TD Securities increased their target price on shares of Cascades from C$11.50 to C$12.50 and gave the company a “buy” rating in a report on Monday, August 8th. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$14.56.
Cascades Company Profile
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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