Cargojet Inc. (TSE:CJT) Raises Dividend to $0.32 Per Share

Cargojet Inc. (TSE:CJTGet Free Report) announced a quarterly dividend on Friday, March 8th, Zacks reports. Shareholders of record on Wednesday, March 20th will be paid a dividend of 0.315 per share on Friday, April 5th. This represents a $1.26 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 19th. This is an increase from Cargojet’s previous quarterly dividend of $0.03.

Cargojet Stock Performance

Shares of CJT opened at C$108.62 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.79 and a debt-to-equity ratio of 101.87. The stock has a market capitalization of C$1.83 billion, a P/E ratio of 50.06 and a beta of 1.03. The firm’s fifty day simple moving average is C$116.99 and its two-hundred day simple moving average is C$103.94. Cargojet has a 12 month low of C$76.50 and a 12 month high of C$124.94.

Wall Street Analyst Weigh In

A number of brokerages have commented on CJT. Royal Bank of Canada cut their price target on shares of Cargojet from C$187.00 to C$184.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. Laurentian raised shares of Cargojet from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. National Bankshares increased their price objective on shares of Cargojet from C$109.00 to C$129.00 and gave the stock a “sector perform” rating in a research report on Friday, January 5th. TD Securities dropped their price target on shares of Cargojet from C$170.00 to C$155.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Finally, CIBC raised their price target on shares of Cargojet from C$150.00 to C$159.00 and gave the company an “outperform” rating in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$148.20.

View Our Latest Report on Cargojet

Cargojet Company Profile

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Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.

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Dividend History for Cargojet (TSE:CJT)

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