Cargojet Inc to Issue Quarterly Dividend of $0.19 (CJT)
Cargojet Inc (TSE:CJT) declared a quarterly dividend on Monday, November 13th, Zacks reports. Stockholders of record on Wednesday, December 20th will be paid a dividend of 0.192 per share on Friday, January 5th. This represents a $0.77 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Tuesday, December 19th.
Shares of Cargojet (TSE:CJT) traded down C$0.08 during mid-day trading on Thursday, hitting C$55.90. 8,001 shares of the stock traded hands, compared to its average volume of 24,816. Cargojet has a fifty-two week low of C$42.72 and a fifty-two week high of C$56.47.
In other news, insider George Stephen Sugar sold 6,296 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$51.00, for a total transaction of C$321,096.00. Also, insider Ajay Kumar Virmani sold 7,366 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of C$50.31, for a total transaction of C$370,583.46. Insiders sold a total of 27,062 shares of company stock valued at $1,369,052 in the last quarter.
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Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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