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

Cascades Inc. (TSE:CAS) announced 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 Trading Down 2.5%

CAS opened at C$17.38 on Tuesday. The stock has a market cap of C$1.76 billion, a PE ratio of 14.02, a PEG ratio of 0.56 and a beta of 1.04. 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 business has a 50 day moving average of C$12.89 and a 200-day moving average of C$12.06. Cascades has a 52 week low of C$9.35 and a 52 week high of C$17.97.

Cascades (TSE:CAS) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$1.22 billion for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%. Equities research analysts predict that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Desjardins boosted their target price on shares of 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 target on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Scotia boosted their price objective on shares of Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research note on Friday. Canadian Imperial Bank of Commerce raised shares of Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, National Bank Financial upped their price objective on shares of Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Cascades currently has a consensus rating of “Moderate Buy” and a consensus 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.