Calian Group Ltd. (TSE:CGY) Plans $0.28 Quarterly Dividend

Calian Group Ltd. (TSE:CGY) declared a quarterly dividend on Tuesday, May 28th, Zacks reports. Investors of record on Tuesday, June 11th will be given a dividend of 0.28 per share on Tuesday, June 11th. This represents a $1.12 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, May 28th.

Calian Group Price Performance

Shares of Calian Group stock opened at C$56.38 on Monday. The firm has a market cap of C$668.10 million, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. Calian Group has a 12-month low of C$46.27 and a 12-month high of C$64.88. The company has a quick ratio of 1.20, a current ratio of 1.01 and a debt-to-equity ratio of 40.20. The company’s fifty day simple moving average is C$56.42 and its two-hundred day simple moving average is C$56.43.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Desjardins raised their price target on shares of Calian Group from C$86.00 to C$87.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Canaccord Genuity Group raised their price target on shares of Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. CIBC raised their price target on shares of Calian Group from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Echelon Wealth Partners reissued a “buy” rating on shares of Calian Group in a report on Thursday, March 21st. Finally, Cormark lifted their target price on shares of Calian Group from C$73.00 to C$74.00 in a research note on Friday, May 17th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Calian Group presently has an average rating of “Buy” and a consensus target price of C$78.14.

Calian Group Company Profile

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.