Cascades, Inc. Plans Quarterly Dividend of C$0.04 (CAS)
Cascades (TSE:CAS) announced a Quarterly dividend on Wednesday, May 21st, AnalystRatingsNetwork.com reports. Stockholders of record on Thursday, June 5th will be paid a dividend of 0.04 per share on Thursday, June 5th. This represents a dividend yield of 2.61%. The ex-dividend date is Wednesday, May 21st.
CAS has been the subject of a number of recent research reports. Analysts at TD Securities cut their price target on shares of Cascades from C$7.50 to C$7.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of Cascades from C$8.00 to C$9.00 in a research note on Wednesday, April 16th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cascades has a consensus rating of “Buy” and a consensus price target of C$7.46.
Cascades (TSE:CAS) opened at 5.94 on Wednesday. Cascades has a 1-year low of $4.91 and a 1-year high of $7.60. The stock’s 50-day moving average is $6.62 and its 200-day moving average is $6.71. The company has a market cap of $557.7 million and a price-to-earnings ratio of 56.00.
Cascades (TSE:CAS) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.04. Analysts expect that Cascades will post $0.46 EPS for the current fiscal year.
Cascades Inc (TSE:CAS), along with its subsidiaries produces, converts and markets packaging and tissue products composed mainly of recycled fibers.
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