Cineplex Inc (CGX) To Go Ex-Dividend on March 28th

Cineplex Inc (TSE:CGX) announced a monthly dividend on Tuesday, March 20th, Zacks reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.14 per share on Monday, April 30th. This represents a $1.68 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Wednesday, March 28th.

Shares of Cineplex (CGX) traded down C$0.02 during mid-day trading on Friday, reaching C$31.02. 128,218 shares of the company’s stock traded hands, compared to its average volume of 405,981. The stock has a market cap of $1,970.00, a PE ratio of 28.04 and a beta of 0.18. Cineplex has a 1-year low of C$29.25 and a 1-year high of C$54.81.

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Cineplex (TSE:CGX) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.05). The company had revenue of C$426.29 million during the quarter, compared to analysts’ expectations of C$435.60 million. Cineplex had a return on equity of 16.24% and a net margin of 6.75%.

In other news, insider Gordon Nelson acquired 6,000 shares of Cineplex stock in a transaction that occurred on Thursday, March 8th. The shares were bought at an average cost of C$31.89 per share, with a total value of C$191,340.00. Also, insider George Sautter acquired 2,000 shares of Cineplex stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of C$33.05 per share, for a total transaction of C$66,100.00.

Several analysts have recently issued reports on the stock. Raymond James Financial decreased their target price on shares of Cineplex from C$46.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. Scotiabank decreased their target price on shares of Cineplex from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. BMO Capital Markets cut shares of Cineplex from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$44.00 to C$37.00 in a research report on Monday, January 15th. CIBC decreased their target price on shares of Cineplex from C$42.00 to C$32.00 in a research report on Friday, February 16th. Finally, TD Securities decreased their target price on shares of Cineplex from C$47.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Cineplex has a consensus rating of “Buy” and a consensus price target of C$40.56.

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Cineplex Company Profile

Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.

Dividend History for Cineplex (TSE:CGX)

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