Cascades Inc. (TSE:CAS – Get Free Report) Director Hugues Simon purchased 11,000 shares of the firm’s 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.
Cascades Stock Down 0.3 %
TSE:CAS opened at C$9.25 on Thursday. The firm has a market cap of C$931.57 million, a P/E ratio of -44.05, a P/E/G ratio of 0.56 and a beta of 0.07. The company has a debt-to-equity ratio of 115.94, a quick ratio of 0.86 and a current ratio of 1.23. Cascades Inc. has a fifty-two week low of C$8.83 and a fifty-two week high of C$15.00. The firm has a 50-day simple moving average of C$9.26 and a two-hundred day simple moving average of C$10.17.
Cascades Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, September 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.19%. Cascades’s dividend payout ratio is presently -228.57%.
Analysts Set New Price Targets
Read Our Latest Report on Cascades
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.
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