Cascades Inc (CAS) Announces Quarterly Dividend of $0.04

Cascades Inc (TSE:CAS) announced a quarterly dividend on Tuesday, May 21st, TickerTech reports. Stockholders of record on Thursday, June 6th will be given a dividend of 0.04 per share on Thursday, June 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, May 21st.

CAS opened at C$9.49 on Thursday. The company has a market cap of $888.58 million and a PE ratio of 16.36. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 112.26. Cascades has a 1 year low of C$7.55 and a 1 year high of C$13.94.

Cascades (TSE:CAS) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.01. The firm had revenue of C$1.23 billion for the quarter, compared to the consensus estimate of C$1.22 billion. As a group, research analysts predict that Cascades will post 0.990000025571957 earnings per share for the current year.



CAS has been the topic of a number of analyst reports. Desjardins lowered their price target on Cascades from C$15.00 to C$14.00 in a research report on Tuesday, January 29th. Royal Bank of Canada lowered their price target on Cascades from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 20th. CIBC cut Cascades from an “outperform” rating to a “neutral” rating in a research report on Monday, February 25th. National Bank Financial lowered their price target on Cascades from C$12.50 to C$11.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, TD Securities lowered their price target on Cascades from C$12.00 to C$10.00 and set a “hold” rating on the stock in a research report on Friday, March 1st.

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About Cascades

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

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Dividend History for Cascades (TSE:CAS)

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