Computer Modelling Group Ltd. (CMG) To Go Ex-Dividend on December 4th

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Wednesday, December 4th, TickerTech reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.10 per share on Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of CMG stock opened at C$8.45 on Monday. The company has a quick ratio of 1.95, a current ratio of 2.00 and a debt-to-equity ratio of 102.33. Computer Modelling Group has a 12-month low of C$5.25 and a 12-month high of C$8.79. The firm has a 50 day moving average price of C$7.33 and a two-hundred day moving average price of C$6.86. The company has a market capitalization of $662.86 million and a PE ratio of 28.55.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Computer Modelling Group from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Industrial Alliance Securities lifted their price target on shares of Computer Modelling Group from C$7.75 to C$8.75 and gave the company a “buy” rating in a research report on Thursday, November 14th.

In other news, Director Kenneth Michael Dedeluk sold 9,100 shares of Computer Modelling Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$8.40, for a total value of C$76,440.00. Following the completion of the sale, the director now directly owns 986,900 shares in the company, valued at C$8,289,960. Also, Senior Officer Long X. Nghiem sold 10,000 shares of Computer Modelling Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$8.48, for a total transaction of C$84,800.00. Following the completion of the sale, the insider now owns 809,302 shares of the company’s stock, valued at C$6,862,880.96. Over the last quarter, insiders sold 47,700 shares of company stock valued at $401,003.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

See Also: Depreciation

Dividend History for Computer Modelling Group (TSE:CMG)

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