Cascades Inc. (CAS) To Go Ex-Dividend on August 22nd

Cascades Inc. (TSE:CAS) declared a quarterly dividend on Thursday, August 22nd, TickerTech reports. Shareholders of record on Thursday, September 5th will be given a dividend of 0.12 per share on Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, August 22nd.

Cascades Trading Down 1.6 %

CAS traded down C$0.15 during mid-day trading on Tuesday, hitting C$9.09. The stock had a trading volume of 20,944 shares, compared to its average volume of 228,790. The stock’s fifty day simple moving average is C$9.25 and its 200-day simple moving average is C$10.06. The firm has a market capitalization of C$918.00 million, a price-to-earnings ratio of -22.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.14. Cascades has a 1-year low of C$8.83 and a 1-year high of C$15.00. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86.

Insider Activity at Cascades

In other Cascades news, Director Hugues Simon acquired 11,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of C$9.10 per share, with a total value of C$100,100.00. In related news, Director Hugues Simon bought 11,000 shares of Cascades stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of C$9.10 per share, with a total value of C$100,100.00. Also, Senior Officer Robert F. Hall sold 34,631 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of C$9.36, for a total value of C$324,146.16. Over the last quarter, insiders have sold 116,299 shares of company stock valued at $1,105,230. 23.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAS shares. Royal Bank of Canada lowered their price objective on shares of Cascades from C$11.00 to C$10.00 in a research report on Thursday, July 11th. CIBC lowered their target price on Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Scotiabank dropped their price target on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$11.08.

About Cascades

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.