Cineplex Inc (TSE:CGX) to Issue $0.14 Monthly Dividend
Cineplex Inc (TSE:CGX) declared a monthly dividend on Wednesday, July 19th, Zacks reports. Shareholders of record on Monday, July 31st will be given a dividend of 0.14 per share on Thursday, August 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, July 27th.
Cineplex (CGX) traded down 0.92% on Thursday, hitting $49.57. 35,863 shares of the company’s stock traded hands. Cineplex has a one year low of $48.55 and a one year high of $54.81. The stock has a 50-day moving average of $52.02 and a 200-day moving average of $51.82. The stock has a market cap of $3.15 billion and a PE ratio of 38.82.
WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/07/20/cineplex-inc-tsecgx-to-issue-0-14-monthly-dividend.html.
A number of research analysts have weighed in on CGX shares. CIBC lifted their price objective on shares of Cineplex from C$54.00 to C$55.00 in a report on Wednesday, May 3rd. TD Securities reaffirmed a “buy” rating and issued a C$60.00 price objective on shares of Cineplex in a report on Monday, May 1st. Scotiabank lifted their price objective on shares of Cineplex from C$57.00 to C$59.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$58.00 price objective on shares of Cineplex in a report on Wednesday, April 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$58.00 price objective on shares of Cineplex in a report on Monday, June 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Cineplex presently has an average rating of “Buy” and an average price target of C$57.25.
Cineplex Company Profile
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
Receive News & Ratings for Cineplex Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineplex Inc and related companies with MarketBeat.com's FREE daily email newsletter.