Cascades Inc (TSE:CAS) announced a quarterly dividend on Tuesday, November 21st, TickerTech reports. Investors of record on Friday, December 1st will be paid a dividend of 0.04 per share on Friday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, November 21st.
Shares of Cascades (TSE:CAS) traded down C$0.30 during midday trading on Thursday, hitting C$12.34. The company had a trading volume of 445,550 shares, compared to its average volume of 241,408. Cascades has a 1-year low of C$10.95 and a 1-year high of C$18.20.
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Several equities research analysts recently weighed in on CAS shares. TD Securities reduced their target price on Cascades from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Friday, August 11th. Scotiabank set a C$17.00 target price on Cascades and gave the stock a “sector perform” rating in a report on Friday, August 11th. Royal Bank Of Canada reduced their target price on Cascades from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Thursday, August 17th. Desjardins reduced their target price on Cascades from C$17.50 to C$16.00 in a report on Thursday, August 17th. Finally, National Bank Financial boosted their target price on Cascades from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Cascades has a consensus rating of “Hold” and a consensus price target of C$16.71.
Cascades Company Profile
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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