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

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Investors of record on Thursday, March 20th will be given a dividend of 0.12 per share on Thursday, March 20th. This represents a $0.48 annualized dividend and a yield of 4.42%. The ex-dividend date is Thursday, March 6th.

Cascades Price Performance

Shares of CAS opened at C$10.86 on Tuesday. The firm has a market cap of C$1.10 billion, a PE ratio of -14.65, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a 52-week low of C$8.83 and a 52-week high of C$13.42. The business’s 50 day moving average price is C$12.31 and its two-hundred day moving average price is C$11.16. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22.

Analyst Ratings Changes

A number of research firms recently issued reports on CAS. Scotiabank upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating and boosted their target price for the company from C$12.00 to C$15.50 in a research report on Monday, January 27th. TD Securities upped their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. CIBC increased their price objective on shares of Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada boosted their target price on Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.25.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.