Cargojet Inc. (TSE:CJT) Announces $0.29 Quarterly Dividend

Cargojet Inc. (TSE:CJTGet Rating) declared a quarterly dividend on Wednesday, March 15th, Zacks reports. Stockholders of record on Monday, March 20th will be given a dividend of 0.286 per share on Wednesday, April 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, March 17th.

Cargojet Price Performance

CJT stock opened at C$108.93 on Friday. The business has a 50 day moving average price of C$121.79 and a 200 day moving average price of C$125.00. The company has a quick ratio of 0.79, a current ratio of 0.77 and a debt-to-equity ratio of 85.03. The stock has a market cap of C$1.87 billion, a price-to-earnings ratio of 10.73 and a beta of 0.90. Cargojet has a fifty-two week low of C$104.74 and a fifty-two week high of C$194.19.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CJT. Scotiabank lowered their target price on shares of Cargojet from C$180.00 to C$172.00 in a report on Tuesday, March 7th. Cormark downgraded shares of Cargojet from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$175.00 to C$120.00 in a research note on Tuesday, March 7th. TD Securities reiterated a “buy” rating and set a C$185.00 target price (down previously from C$195.00) on shares of Cargojet in a research report on Tuesday, March 7th. ATB Capital decreased their target price on Cargojet from C$185.00 to C$150.00 in a research report on Tuesday, March 7th. Finally, BMO Capital Markets lowered their price objective on shares of Cargojet from C$140.00 to C$130.00 in a research report on Tuesday, March 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$165.60.

About Cargojet

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Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

Further Reading

Dividend History for Cargojet (TSE:CJT)

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