Cae Inc (CAE) To Go Ex-Dividend on December 14th
Cae Inc (TSE:CAE) (NYSE:CAE) declared a quarterly dividend on Thursday, December 14th, TickerTech reports. Investors of record on Friday, December 29th will be paid a dividend of 0.09 per share on Friday, December 29th. This represents a $0.36 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, December 14th.
Shares of CAE (TSE CAE) traded up C$0.03 on Wednesday, reaching C$22.43. The company had a trading volume of 415,420 shares, compared to its average volume of 513,707. CAE has a 52-week low of C$18.35 and a 52-week high of C$23.39.
CAE has been the topic of a number of recent research reports. Raymond James Financial cut their target price on CAE from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a research note on Monday, November 13th. Scotiabank raised their target price on CAE from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Desjardins raised their target price on CAE from C$25.00 to C$27.00 in a research note on Monday, November 13th. Royal Bank of Canada raised their target price on CAE from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Monday, November 6th. Finally, CIBC raised their target price on CAE from C$23.00 to C$24.00 in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$23.75.
In other CAE news, insider Nick Leontidis purchased 4,000 shares of the stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of C$21.83 per share, with a total value of C$87,320.00.
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CAE Company Profile
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in 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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