Cascades Inc. (TSE:CAS) to Issue Quarterly Dividend of $0.12

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, November 21st,TickerTech Dividends reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.12 per share on Thursday, December 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, November 21st.

Cascades Price Performance

Cascades stock opened at C$11.08 on Wednesday. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of -26.38, a PEG ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. The business has a 50-day simple moving average of C$10.40 and a 200 day simple moving average of C$9.74. Cascades has a 52 week low of C$8.83 and a 52 week high of C$15.00.

Wall Street Analyst Weigh In

CAS has been the subject of a number of research reports. CIBC cut their price objective on Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a report on Monday, August 12th. TD Securities upped their target price on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Scotiabank decreased their price target on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Finally, Royal Bank of Canada upped their price objective on shares of Cascades from C$11.00 to C$12.00 in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$11.92.

Insider Buying and Selling

In related news, Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total value of C$33,900.00. 23.78% of the stock is owned by insiders.

About Cascades

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 offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.