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

Cascades Inc. (TSE:CAS - Get Free Report) announced a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.12 per share on Thursday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, March 6th.

Cascades Stock Down 0.1 %

CAS stock traded down C$0.01 during trading on Friday, reaching C$10.42. 334,802 shares of the company traded hands, compared to its average volume of 255,904. The business has a 50 day simple moving average of C$12.24 and a 200 day simple moving average of C$11.18. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22. Cascades has a 12 month low of C$8.83 and a 12 month high of C$13.42. The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -14.05, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CAS shares. Royal Bank of Canada upped their target price on Cascades from C$12.00 to C$13.00 and gave the company a "sector perform" rating in a research report on Friday, December 20th. Scotiabank raised shares of Cascades from a "hold" rating to a "strong-buy" rating and increased their price objective for the company from C$12.00 to C$15.50 in a research report on Monday, January 27th. CIBC boosted their target price on shares of Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Finally, TD Securities raised their price target on shares of Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$13.25.

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Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.