Cae Inc (TSE:CAE) (NYSE:CAE) announced a quarterly dividend on Tuesday, November 13th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.10 per share on Monday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, December 13th.
Shares of CAE stock traded down C$0.53 during trading on Friday, reaching C$25.68. 544,900 shares of the company traded hands, compared to its average volume of 519,501. The company has a current ratio of 1.35, a quick ratio of 0.95 and a debt-to-equity ratio of 56.93. CAE has a 1-year low of C$21.12 and a 1-year high of C$28.15.
In related news, insider Nick Leontidis bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The shares were bought at an average price of C$26.53 per share, for a total transaction of C$265,300.00.
A number of research analysts recently issued reports on CAE shares. Raymond James dropped their target price on shares of CAE from C$25.00 to C$24.50 and set a “market perform” rating on the stock in a research report on Wednesday, August 15th. BMO Capital Markets set a C$29.00 target price on shares of CAE and gave the company an “outperform” rating in a research report on Wednesday, August 15th. National Bank Financial dropped their target price on shares of CAE from C$30.00 to C$29.00 in a research report on Friday, November 9th. TD Securities boosted their target price on shares of CAE from C$26.00 to C$28.00 and gave the company a “hold” rating in a research report on Monday, November 12th. Finally, CIBC boosted their target price on shares of CAE from C$27.00 to C$29.00 in a research report on Monday, November 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CAE presently has an average rating of “Buy” and an average price target of C$28.29.
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CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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