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

Cascades Inc. (TSE:CAS) declared a quarterly dividend on Thursday, May 21st, TickerTech Dividends reports. Investors of record on Thursday, June 4th will be given a dividend of 0.12 per share on Thursday, June 4th. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, May 21st.

Cascades Price Performance

TSE:CAS opened at C$10.44 on Tuesday. The firm has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.56 and a beta of 1.07. Cascades has a 1-year low of C$8.55 and a 1-year high of C$14.20. The company has a current ratio of 1.53, a quick ratio of 0.86 and a debt-to-equity ratio of 113.03. The business’s fifty day moving average price is C$11.05 and its 200 day moving average price is C$12.09.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.07 earnings per share for the quarter. The firm had revenue of C$1.13 billion for the quarter. Cascades had a return on equity of 5.95% and a net margin of 2.15%. On average, sell-side analysts forecast that Cascades will post 1.2959309 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Desjardins dropped their price target on Cascades from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. TD Securities dropped their price target on Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada dropped their price target on Cascades from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Scotiabank dropped their price target on Cascades from C$16.75 to C$14.50 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, National Bank Financial dropped their price target on Cascades from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$13.64.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.