Cargojet Inc. to Issue Quarterly Dividend of $0.35 (TSE:CJT)

Cargojet Inc. (TSE:CJT) declared a quarterly dividend on Friday, December 20th,TickerTech Dividends reports. Investors of record on Friday, January 3rd will be given a dividend of 0.35 per share on Friday, January 3rd. This represents a $1.40 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, December 20th.

Cargojet Stock Performance

CJT traded up C$0.60 during midday trading on Wednesday, reaching C$108.62. The company had a trading volume of 4,020 shares, compared to its average volume of 57,233. Cargojet has a 12-month low of C$104.20 and a 12-month high of C$144.97. The business has a 50-day moving average price of C$128.16 and a two-hundred day moving average price of C$127.88. The stock has a market cap of C$1.75 billion, a PE ratio of -113.71 and a beta of 0.91. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. ATB Capital lowered their target price on Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. CIBC upped their price objective on shares of Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Canaccord Genuity Group upped their price target on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. National Bankshares lifted their price objective on shares of Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, TD Securities decreased their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$159.27.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.