Cae Inc (CAE) Announces Dividend Increase – $0.08 Per Share

Cae Inc (NYSE:CAE) (TSE:CAE) announced a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Friday, March 15th will be given a dividend of 0.0763 per share by the aerospace company on Friday, March 29th. This represents a $0.31 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from CAE’s previous quarterly dividend of $0.08.

CAE has raised its dividend payment by an average of 8.8% annually over the last three years and has raised its dividend every year for the last 3 years. CAE has a payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CAE to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 25.9%.

NYSE CAE traded down $0.31 on Monday, hitting $20.50. 233,119 shares of the company were exchanged, compared to its average volume of 139,872. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The company has a market cap of $5.51 billion, a PE ratio of 23.53, a PEG ratio of 2.23 and a beta of 0.96. CAE has a twelve month low of $16.96 and a twelve month high of $21.70.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Friday, February 8th. The aerospace company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $774.68 million. CAE had a return on equity of 13.26% and a net margin of 10.07%. CAE’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. Research analysts forecast that CAE will post 0.93 EPS for the current fiscal year.

CAE has been the topic of several research analyst reports. Scotiabank reaffirmed an “average” rating and set a $31.00 target price on shares of CAE in a research note on Tuesday, November 13th. Zacks Investment Research cut CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine cut CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Macquarie raised CAE from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 14th. Finally, TD Securities reaffirmed a “hold” rating on shares of CAE in a research note on Monday, November 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. CAE presently has an average rating of “Hold” and an average price target of $28.13.

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About CAE

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Dividend History for CAE (NYSE:CAE)

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