CAE, Inc. Announces Quarterly Dividend of $0.06 (CAE)
CAE (NYSE:CAE) announced a quarterly dividend on Thursday, August 14th, Stock Ratings Network reports. Investors of record on Monday, September 15th will be paid a dividend of 0.0638 per share on Tuesday, September 30th. This represents a $0.26 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, September 11th.
CAE has been the subject of a number of recent research reports. Analysts at CIBC cut their price target on shares of CAE from C$16.75 to C$16.25 in a research note on Thursday. On a related note, analysts at Raymond James cut their price target on shares of CAE from C$16.00 to C$14.50 in a research note on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Desjardins cut their price target on shares of CAE from C$17.00 to C$16.00 in a research note on Thursday. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. CAE presently has an average rating of “Buy” and an average target price of $15.63.
CAE (NYSE:CAE) traded up 0.08% on Thursday, hitting $12.46. 46,787 shares of the company’s stock traded hands. CAE has a 52-week low of $10.41 and a 52-week high of $13.99. The stock’s 50-day moving average is $12. and its 200-day moving average is $13.23. The company has a market cap of $3.287 billion and a price-to-earnings ratio of 18.78.
CAE (NYSE:CAE) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02. Analysts expect that CAE will post $0.82 EPS for the current fiscal year.
CAE Inc (NYSE:CAE) is engaged in providing simulation and modeling technologies and integrated training services primarily to the civil aviation industry and defense forces around the globe.
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