Cae Inc (NYSE:CAE) to Issue Dividend Increase – $0.08 Per Share

Cae Inc (NYSE:CAE) (TSE:CAE) announced a quarterly dividend on Wednesday, August 14th, Zacks reports. Investors of record on Friday, September 13th will be given a dividend of 0.083 per share by the aerospace company on Monday, September 30th. This represents a $0.33 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from CAE’s previous quarterly dividend of $0.07.

CAE has increased its dividend by an average of 8.8% annually over the last three years and has increased its dividend annually for the last 3 consecutive years.

CAE traded up $0.21 during trading hours on Wednesday, reaching $25.45. 1,767 shares of the company’s stock traded hands, compared to its average volume of 266,445. The firm has a 50-day moving average price of $26.19 and a 200 day moving average price of $24.68. The firm has a market capitalization of $6.77 billion, a PE ratio of 26.78, a PEG ratio of 2.77 and a beta of 0.82. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. CAE has a 52-week low of $16.96 and a 52-week high of $28.03.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). CAE had a return on equity of 13.94% and a net margin of 9.45%. The business had revenue of $825.60 million during the quarter, compared to analysts’ expectations of $849.39 million. During the same quarter in the previous year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts predict that CAE will post 1.02 EPS for the current fiscal year.

CAE has been the topic of a number of research analyst reports. Raymond James reaffirmed a “hold” rating on shares of CAE in a research note on Friday, August 16th. Desjardins lowered CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Scotiabank raised CAE from a “sector perform” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, August 30th. TD Securities lifted their target price on CAE from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Monday. Finally, CIBC restated a “hold” rating and issued a $37.00 target price on shares of CAE in a research report on Wednesday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.00.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Dividend History for CAE (NYSE:CAE)

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