Cascades Inc. (TSE:CAS) to Issue $0.12 Quarterly Dividend

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, November 7th,TickerTech Dividends reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.12 per share on Thursday, December 5th. This represents a $0.48 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, November 21st.

Cascades Price Performance

Cascades stock traded down C$0.10 during midday trading on Friday, reaching C$11.09. 19,977 shares of the stock traded hands, compared to its average volume of 222,226. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. Cascades has a 12 month low of C$8.83 and a 12 month high of C$15.00. The stock’s fifty day moving average is C$10.10 and its 200-day moving average is C$9.64. The stock has a market cap of C$1.12 billion, a P/E ratio of -26.64, a PEG ratio of 0.56 and a beta of 0.15.

Cascades (TSE:CAS) last posted its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. The firm had revenue of C$1.18 billion during the quarter, compared to analyst estimates of C$1.17 billion. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. As a group, equities research analysts anticipate that Cascades will post 1.2959309 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CAS shares. Royal Bank of Canada dropped their price objective on shares of Cascades from C$11.00 to C$10.00 in a research note on Thursday, July 11th. Scotiabank dropped their price target on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Finally, CIBC decreased their price objective on Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Cascades presently has an average rating of “Hold” and an average target price of C$11.08.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.