Cae Inc (CAE) Announces Quarterly Dividend of $0.09
Cae Inc (TSE:CAE) (NYSE:CAE) announced a quarterly dividend on Friday, August 11th, Zacks reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.09 per share on Friday, September 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Cae’s previous quarterly dividend of $0.08.
Shares of Cae (TSE:CAE) traded down 0.40% during mid-day trading on Friday, hitting $20.00. The stock had a trading volume of 297,416 shares. The stock has a 50 day moving average of $20.85 and a 200-day moving average of $21.10. Cae has a 52 week low of $17.85 and a 52 week high of $22.86. The stock has a market capitalization of $5.38 billion and a P/E ratio of 21.76.
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CAE has been the topic of a number of recent research reports. BMO Capital Markets upgraded Cae from a “market perform” rating to an “outperform” rating and set a C$23.00 target price on the stock in a research note on Wednesday, August 30th. Royal Bank Of Canada increased their target price on Cae from C$20.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 24th. TD Securities lowered Cae from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$23.00 to C$22.00 in a research note on Thursday, June 1st. Desjardins increased their target price on Cae from C$23.00 to C$25.00 in a research note on Thursday, June 1st. Finally, National Bank Financial raised their price objective on Cae from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$23.06.
Cae Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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