Computer Modelling Group Ltd. (TSE:CMG) to Issue Quarterly Dividend of $0.10

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Wednesday, December 4th, TickerTech reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of CMG opened at C$8.45 on Monday. The company has a 50-day simple moving average of C$7.33 and a 200-day simple moving average of C$6.86. The firm has a market capitalization of $662.86 million and a P/E ratio of 28.55. The company has a debt-to-equity ratio of 102.33, a quick ratio of 1.95 and a current ratio of 2.00. Computer Modelling Group has a 52 week low of C$5.25 and a 52 week high of C$8.79.

A number of research analysts have recently commented on the stock. Industrial Alliance Securities upped their price objective 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. BMO Capital Markets upped their price objective 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.

In related news, Senior Officer Long X. Nghiem sold 7,700 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$8.44, for a total value of C$64,988.00. Following the completion of the transaction, the insider now owns 786,602 shares of the company’s stock, valued at C$6,638,920.88. Also, Director Kenneth Michael Dedeluk sold 7,800 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$8.30, for a total transaction of C$64,740.00. Following the completion of the transaction, the director now directly owns 1,005,000 shares of the company’s stock, valued at approximately C$8,341,500. Insiders have sold 47,700 shares of company stock valued at $401,003 in the last ninety days.

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.

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Dividend History for Computer Modelling Group (TSE:CMG)

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