Cae Inc (CAE) To Go Ex-Dividend on December 13th

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Cae Inc (NYSE:CAE) (TSE:CAE) announced a quarterly dividend on Wednesday, November 14th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.076 per share by the aerospace company on Monday, December 31st. This represents a $0.30 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, December 13th.

CAE has increased its dividend by an average of 3.9% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. CAE has a dividend payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect CAE to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 34.5%.

Shares of NYSE CAE opened at $19.33 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 1.35. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 2.08 and a beta of 0.84. CAE has a 52-week low of $16.84 and a 52-week high of $21.70.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $743.80 million for the quarter, compared to the consensus estimate of $661.29 million. CAE had a net margin of 11.83% and a return on equity of 13.36%. CAE’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. On average, equities analysts forecast that CAE will post 0.94 earnings per share for the current year.

A number of research firms have recently weighed in on CAE. ValuEngine downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Scotiabank restated an “average” rating and issued a $31.50 target price on shares of CAE in a report on Monday, December 3rd. CIBC restated an “average” rating and issued a $29.00 target price on shares of CAE in a report on Monday, November 26th. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, November 16th. Finally, Macquarie upgraded shares of CAE from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 14th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $28.38.

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CAE Company Profile

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Dividend History for CAE (NYSE:CAE)

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