Computer Modelling Group Ltd. (TSE:CMG) Declares $0.10 Quarterly Dividend

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Wednesday, December 4th, TickerTech reports. Investors of record on Friday, December 13th will be paid a dividend of 0.10 per share on Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of TSE:CMG opened at C$8.45 on Monday. Computer Modelling Group has a 12 month low of C$5.25 and a 12 month high of C$8.79. The company has a quick ratio of 1.95, a current ratio of 2.00 and a debt-to-equity ratio of 102.33. The company’s fifty day simple moving average is C$7.33 and its 200 day simple moving average is C$6.86. The firm has a market cap of $662.86 million and a price-to-earnings ratio of 28.55.

A number of research analysts recently weighed in on the stock. Industrial Alliance Securities raised their target price on shares of Computer Modelling Group from C$7.75 to C$8.75 and gave the company a “buy” rating in a research report on Thursday, November 14th. BMO Capital Markets raised their target price on shares of Computer Modelling Group from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research report on Thursday, November 14th.

In related news, Senior Officer Long X. Nghiem sold 7,700 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$8.44, for a total value of C$64,988.00. Following the completion of the transaction, the insider now owns 786,602 shares of the company’s stock, valued at C$6,638,920.88. Also, Senior Officer Long X. Nghiem sold 10,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$8.48, for a total transaction of C$84,800.00. Following the completion of the transaction, the insider now directly owns 809,302 shares of the company’s stock, valued at approximately C$6,862,880.96. In the last ninety days, insiders sold 47,700 shares of company stock valued at $401,003.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

Recommended Story: Reverse Stock Split

Dividend History for Computer Modelling Group (TSE:CMG)

Receive News & Ratings for Computer Modelling Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Modelling Group and related companies with MarketBeat.com's FREE daily email newsletter.