Cae Inc (CAE) to Issue Quarterly Dividend of $0.10

Cae Inc (TSE:CAE) (NYSE:CAE) declared a quarterly dividend on Tuesday, November 13th, Zacks reports. Investors of record on Friday, December 14th will be given a dividend of 0.10 per share on Monday, December 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, December 13th.

CAE stock traded down C$0.53 during mid-day trading on Friday, reaching C$25.68. The company’s stock had a trading volume of 544,900 shares, compared to its average volume of 519,501. CAE has a 12 month low of C$21.12 and a 12 month high of C$28.15. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 56.93.

A number of research analysts recently weighed in on CAE shares. CIBC raised their target price on shares of CAE from C$27.00 to C$29.00 in a research report on Monday, November 26th. TD Securities raised their target price on shares of CAE from C$26.00 to C$28.00 and gave the company a “hold” rating in a research report on Monday, November 12th. BMO Capital Markets lifted their price objective on shares of CAE from C$29.00 to C$30.00 in a research report on Wednesday, November 14th. National Bank Financial decreased their price objective on shares of CAE from C$30.00 to C$29.00 in a research report on Friday, November 9th. Finally, Raymond James decreased their price objective on shares of CAE from C$25.00 to C$24.50 and set a “market perform” rating for the company in a research report on Wednesday, August 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$28.29.

In other news, insider Nick Leontidis acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The stock was bought at an average price of C$26.53 per share, with a total value of C$265,300.00.

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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 (TSE:CAE)

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