Cascades Inc. (CAS.TO) (TSE:CAS) announced a quarterly dividend on Thursday, November 19th, TickerTech reports. Investors of record on Thursday, December 3rd will be paid a dividend of 0.08 per share on Thursday, December 3rd. This represents a $0.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, November 19th.
Shares of CAS stock opened at C$14.33 on Tuesday. Cascades Inc. has a fifty-two week low of C$9.94 and a fifty-two week high of C$17.62. The company has a debt-to-equity ratio of 122.93, a quick ratio of 0.82 and a current ratio of 1.37. The stock’s fifty day moving average is C$15.48 and its two-hundred day moving average is C$14.69. The firm has a market capitalization of $1.49 billion and a P/E ratio of 14.43.
A number of equities analysts recently weighed in on CAS shares. TD Securities lowered their price target on shares of Cascades Inc. (CAS.TO) from C$17.50 to C$15.50 and set a “hold” rating on the stock in a research report on Friday. Royal Bank of Canada lifted their price target on Cascades Inc. (CAS.TO) from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, October 26th. National Bank Financial cut their price objective on shares of Cascades Inc. (CAS.TO) from C$22.50 to C$22.00 and set an “outperform” rating for the company in a research report on Friday. Scotiabank boosted their target price on shares of Cascades Inc. (CAS.TO) from C$16.00 to C$18.00 in a report on Friday, October 23rd. Finally, CIBC decreased their price objective on Cascades Inc. (CAS.TO) from C$22.00 to C$20.00 in a report on Friday.
Cascades Inc. (CAS.TO) Company Profile
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, Italy, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It provides containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
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