Cineplex Inc (TSE:CGX) Plans $0.15 Monthly Dividend

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Cineplex Inc (TSE:CGX) declared a monthly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.15 per share on Friday, November 29th. This represents a $1.80 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend is Wednesday, October 30th.

Shares of CGX stock traded down C$0.15 on Tuesday, hitting C$22.92. The company had a trading volume of 111,462 shares, compared to its average volume of 229,279. The firm has a market cap of $1.45 billion and a P/E ratio of 29.38. The company has a 50-day moving average price of C$24.30 and a 200-day moving average price of C$24.30. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 329.31. Cineplex has a twelve month low of C$22.34 and a twelve month high of C$36.65.

Cineplex (TSE:CGX) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.31. The company had revenue of C$439.25 million during the quarter, compared to analyst estimates of C$428.90 million. Equities research analysts expect that Cineplex will post 0.96 EPS for the current year.

Several equities analysts have recently issued reports on the company. National Bank Financial boosted their price objective on Cineplex from C$28.00 to C$29.00 and gave the company an “outperform” rating in a report on Friday, August 9th. BMO Capital Markets reduced their price target on Cineplex from C$30.00 to C$28.00 in a report on Monday, September 9th. TD Securities reduced their price target on Cineplex from C$33.00 to C$32.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, CIBC upped their price target on Cineplex from C$27.50 to C$28.50 in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Cineplex has a consensus rating of “Buy” and a consensus target price of C$30.75.

Cineplex Company Profile

Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.

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Dividend History for Cineplex (TSE:CGX)

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