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

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, November 7th,TickerTech Dividends reports. Investors of record on Thursday, November 21st will be given a dividend of 0.12 per share on Thursday, December 5th. This represents a $0.48 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Thursday, November 21st.

Cascades Stock Performance

Shares of Cascades stock traded down C$0.10 during trading hours on Friday, reaching C$11.09. 19,977 shares of the stock traded hands, compared to its average volume of 222,226. Cascades has a one year low of C$8.83 and a one year high of C$15.00. The firm has a market capitalization of C$1.12 billion, a price-to-earnings ratio of -26.64, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. The company has a 50 day moving average price of C$10.10 and a 200 day moving average price of C$9.64.

Cascades (TSE:CAS) last announced its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.02. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. The company had revenue of C$1.18 billion during the quarter, compared to analyst estimates of C$1.17 billion. On average, equities research analysts expect that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Scotiabank cut their price objective on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. CIBC dropped their price target on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Royal Bank of Canada reduced their price objective on shares of Cascades from C$11.00 to C$10.00 in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$11.08.

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.