Cascades Inc (CAS) to Issue Quarterly Dividend of C$0.04 on April 3rd

Cascades Inc (TSE:CAS) announced a quarterly dividend on Wednesday, March 22nd. Shareholders of record on Monday, April 3rd will be given a dividend of 0.04 per share on Monday, April 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, March 22nd.

Shares of Cascades (TSE:CAS) opened at 12.68 on Tuesday. The firm’s 50-day moving average price is $13.09 and its 200-day moving average price is $12.37. Cascades has a 52-week low of $8.00 and a 52-week high of $14.39. The stock has a market cap of $1.20 billion and a P/E ratio of 9.12.

Dividend History for Cascades (TSE:CAS)

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CAS has been the subject of a number of recent research reports. CIBC boosted their price objective on shares of Cascades from C$15.00 to C$17.00 in a research report on Tuesday, March 7th. National Bank Financial boosted their price objective on shares of Cascades from C$12.50 to C$13.50 in a research report on Friday, March 3rd. TD Securities boosted their price objective on shares of Cascades from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, February 16th. Finally, Scotiabank cut their price objective on shares of Cascades from C$15.25 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, March 3rd. Six analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of C$15.14.

About Cascades

Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.

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