Cascades Inc (CAS) Declares $0.04 Quarterly Dividend

Cascades Inc (TSE:CAS) announced a quarterly dividend on Tuesday, May 21st, TickerTech reports. Stockholders of record on Thursday, June 6th will be paid a dividend of 0.04 per share on Thursday, June 6th. This represents a $0.16 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Tuesday, May 21st.

Shares of Cascades stock opened at C$9.49 on Thursday. The stock has a market cap of $888.58 million and a PE ratio of 16.36. The company has a debt-to-equity ratio of 112.26, a current ratio of 1.43 and a quick ratio of 0.80. Cascades has a 52-week low of C$7.55 and a 52-week high of C$13.94.

Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.01. The firm had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.22 billion. Equities analysts expect that Cascades will post 0.990000025571957 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. National Bank Financial reduced their target price on Cascades from C$12.50 to C$11.00 and set an “outperform” rating for the company in a report on Friday, March 1st. CIBC lowered Cascades from an “outperform” rating to a “neutral” rating in a report on Monday, February 25th. TD Securities reduced their target price on Cascades from C$12.00 to C$10.00 and set a “hold” rating for the company in a report on Friday, March 1st. Finally, Royal Bank of Canada reduced their target price on Cascades from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday, February 20th.

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Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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Dividend History for Cascades (TSE:CAS)

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