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

Cascades Inc. (TSE:CAS) announced a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Investors of record on Thursday, March 20th will be paid a dividend of 0.12 per share on Thursday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Thursday, March 6th.

Cascades Stock Performance

Shares of CAS stock opened at C$10.86 on Tuesday. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$13.42. The stock’s 50-day moving average is C$12.31 and its two-hundred day moving average is C$11.16. The company has a debt-to-equity ratio of 121.37, a current ratio of 1.22 and a quick ratio of 0.86. The firm has a market cap of C$1.10 billion, a P/E ratio of -14.65, a PEG ratio of 0.56 and a beta of 0.15.

Analyst Upgrades and Downgrades

Several research firms have commented on CAS. TD Securities boosted their target price on shares of Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their target price on Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Friday, December 20th. CIBC upped their target price on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Finally, Scotiabank raised shares of Cascades from a “hold” rating to a “strong-buy” rating and lifted their price target for the company from C$12.00 to C$15.50 in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$13.25.

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.