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

Cascades Inc. (TSE:CAS) declared a quarterly dividend on Thursday, May 21st, TickerTech Dividends reports. Shareholders of record on Thursday, June 4th will be paid a dividend of 0.12 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Thursday, May 21st.

Cascades Stock Performance

Shares of CAS stock opened at C$10.44 on Tuesday. The company has a debt-to-equity ratio of 113.03, a quick ratio of 0.86 and a current ratio of 1.53. Cascades has a 1 year low of C$8.55 and a 1 year high of C$14.20. The stock has a fifty day moving average of C$11.05 and a two-hundred day moving average of C$12.09. The firm has a market capitalization of C$1.06 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.56 and a beta of 1.07.

Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share (EPS) for the quarter. Cascades had a return on equity of 5.95% and a net margin of 2.15%.The company had revenue of C$1.13 billion during the quarter. As a group, research analysts expect that Cascades will post 1.2959309 EPS for the current year.

Insider Activity

In related news, insider Laurent Lemaire bought 23,302 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of C$10.52 per share, with a total value of C$245,137.04. Following the completion of the transaction, the insider directly owned 7,837,637 shares of the company’s stock, valued at approximately C$82,451,941.24. This trade represents a 0.30% increase in their ownership of the stock. 23.78% of the stock is owned by company insiders.

About Cascades

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. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.