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

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, August 20th, TickerTech Dividends reports. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.12 per share on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, August 20th.

Cascades Stock Performance

CAS opened at C$17.38 on Tuesday. The company has a debt-to-equity ratio of 111.08, a quick ratio of 0.86 and a current ratio of 1.48. Cascades has a 52-week low of C$9.35 and a 52-week high of C$17.97. The firm has a market cap of C$1.76 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. The business’s fifty day moving average is C$12.89 and its 200-day moving average is C$12.06.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 EPS for the quarter. Cascades had a return on equity of 7.24% and a net margin of 2.64%.The business had revenue of C$1.22 billion during the quarter. Sell-side analysts expect that Cascades will post 1.2959309 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. National Bank Financial raised their target price on shares of Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Royal Bank Of Canada upped their price target on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Scotia increased their price target on shares of Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a research report on Friday. TD lifted their price objective on shares of Cascades from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Desjardins boosted their price objective on shares of Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.50.

About Cascades

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.