Computer Modelling Group Ltd. Declares Quarterly Dividend of $0.10 (TSE:CMG)

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Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Wednesday, September 4th, TickerTech reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.10 per share on Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date is Wednesday, September 4th.

Shares of CMG opened at C$6.77 on Tuesday. The company has a debt-to-equity ratio of 100.11, a quick ratio of 1.79 and a current ratio of 1.85. The stock has a 50-day moving average price of C$6.62 and a 200 day moving average price of C$6.48. Computer Modelling Group has a one year low of C$5.25 and a one year high of C$8.85. The company has a market capitalization of $543.14 million and a P/E ratio of 22.49.

Several analysts recently issued reports on the company. Industrial Alliance Securities downgraded Computer Modelling Group from a “buy” rating to a “hold” rating and raised their price target for the stock from C$7.50 to C$7.75 in a report on Friday, June 7th. BMO Capital Markets set a C$9.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, Canaccord Genuity upgraded Computer Modelling Group from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd.

In related news, Director Kenneth Michael Dedeluk sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of C$7.40, for a total value of C$37,016.00. Following the completion of the transaction, the director now directly owns 1,025,000 shares of the company’s stock, valued at approximately C$7,588,280. In the last 90 days, insiders sold 12,000 shares of company stock valued at $88,116.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

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Dividend History for Computer Modelling Group (TSE:CMG)

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