Cae Inc (CAE) to Issue $0.09 Quarterly Dividend

Cae Inc (TSE:CAE) (NYSE:CAE) declared a quarterly dividend on Friday, February 9th, Zacks reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.09 per share on Friday, March 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, March 14th.

CAE (TSE:CAE) opened at C$23.77 on Tuesday. CAE has a fifty-two week low of C$19.44 and a fifty-two week high of C$24.07. The firm has a market capitalization of $6,400.00, a price-to-earnings ratio of 20.33 and a beta of 0.34.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Friday, February 9th. The company reported C$0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.29 by C($0.01). CAE had a net margin of 17.02% and a return on equity of 22.67%. The firm had revenue of C$704.40 million during the quarter, compared to analyst estimates of C$734.97 million.

A number of research analysts recently weighed in on CAE shares. Royal Bank of Canada upgraded CAE from a “reduce” rating to an “outperform” rating and lifted their target price for the company from C$25.00 to C$26.00 in a report on Monday, February 12th. Scotiabank lifted their target price on CAE from C$24.00 to C$24.25 and gave the company an “outperform” rating in a report on Monday, February 12th. AltaCorp Capital reiterated a “sector perform” rating on shares of CAE in a report on Tuesday, February 13th. Raymond James Financial reduced their target price on CAE from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a report on Monday, November 13th. Finally, Desjardins raised their price objective on CAE from C$25.00 to C$27.00 in a research report on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. CAE has an average rating of “Buy” and an average target price of C$24.03.

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About CAE

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

Dividend History for CAE (TSE:CAE)

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