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

Cascades Inc. (TSE:CASGet Free Report) declared a quarterly dividend on Wednesday, May 22nd, TickerTech reports. Shareholders of record on Thursday, June 6th will be given a dividend of 0.12 per share on Thursday, June 6th. This represents a $0.48 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Cascades Stock Down 2.7 %

CAS opened at C$9.81 on Monday. The company has a debt-to-equity ratio of 108.76, a current ratio of 1.33 and a quick ratio of 0.86. The firm’s fifty day moving average price is C$9.64 and its two-hundred day moving average price is C$11.66. Cascades has a fifty-two week low of C$9.10 and a fifty-two week high of C$15.00. The company has a market capitalization of C$987.97 million, a P/E ratio of -12.91, a P/E/G ratio of 0.56 and a beta of 0.06.

Cascades (TSE:CASGet Free Report) last issued its earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.25). The company had revenue of C$1.14 billion during the quarter, compared to analyst estimates of C$1.22 billion. Cascades had a negative return on equity of 2.86% and a negative net margin of 1.64%. On average, analysts anticipate that Cascades will post 0.5796652 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CAS. Desjardins dropped their price target on Cascades from C$14.50 to C$13.00 and set a “hold” rating for the company in a report on Thursday, March 28th. National Bankshares reduced their price objective on Cascades from C$13.50 to C$11.00 in a report on Thursday, April 11th. Scotiabank lowered their target price on Cascades from C$13.50 to C$12.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 24th. CIBC decreased their price target on Cascades from C$14.00 to C$12.00 in a report on Thursday, April 11th. Finally, TD Securities dropped their price objective on Cascades from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Cascades currently has a consensus rating of “Hold” and a consensus target price of C$11.83.

Get Our Latest Analysis on Cascades

Cascades Company Profile

(Get Free Report)

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.

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Dividend History for Cascades (TSE:CAS)

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