Cascades Inc. (CAS) to Issue Quarterly Dividend of $0.12 on June 8th

Cascades Inc. (TSE:CAS – Get Rating) announced a quarterly dividend on Thursday, May 25th, TickerTech reports. Shareholders of record on Thursday, June 8th will be given a dividend of 0.12 per share on Thursday, June 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, May 25th.

Cascades Stock Performance

Shares of Cascades stock traded up C$0.05 during trading hours on Wednesday, reaching C$12.01. 142,740 shares of the stock traded hands, compared to its average volume of 196,546. Cascades has a one year low of C$7.71 and a one year high of C$12.29. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 115.85. The firm has a market capitalization of C$1.21 billion, a price-to-earnings ratio of -12.78, a P/E/G ratio of 0.56 and a beta of 0.14. The company has a 50 day moving average price of C$11.24 and a 200 day moving average price of C$9.79.

Cascades (TSE:CAS – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported C$0.22 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.16 by C$0.06. Cascades had a negative return on equity of 3.74% and a negative net margin of 2.06%. The firm had revenue of C$1.14 billion for the quarter, compared to analysts’ expectations of C$1.16 billion. On average, equities research analysts expect that Cascades will post 1.0743062 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. CIBC boosted their price target on Cascades from C$9.00 to C$10.50 and gave the stock a “neutral” rating in a report on Friday, February 24th. Desjardins reaffirmed a “hold” rating on shares of Cascades in a research note on Friday, February 24th. TD Securities lifted their price objective on Cascades from C$8.50 to C$11.00 and gave the stock a “hold” rating in a research note on Friday, February 24th. Finally, Royal Bank of Canada lifted their price objective on Cascades from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Cascades presently has a consensus rating of “Hold” and an average target price of C$10.90.

About Cascades

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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 manufactures containerboards, as well as converts corrugated products. The company also offers uncoated recycled paperboards for use in packaging converters and industrial users of headers and wrappers for the paper industry, as well as partitions that are used as protective packaging; honeycomb paperboards for the beer, wine, and spirits industry; laminated paperboards for food packaging and furniture backing industries; and specialty containers, structural components, and paperboard and fiber composites.