CAE Inc (CAE) Declares Dividend Increase – $0.07 Per Share
CAE Inc (NYSE:CAE) (TSE:CAE) announced a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.071 per share by the aerospace company on Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from CAE’s previous quarterly dividend of $0.06.
CAE has increased its dividend payment by an average of 8.0% annually over the last three years. CAE has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CAE to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 37.9%.
CAE (NYSE CAE) remained flat at $16.55 on Friday. 291,755 shares of the company were exchanged. The firm has a market capitalization of $4.44 billion, a P/E ratio of 22.36 and a beta of 0.86. CAE has a 1-year low of $13.57 and a 1-year high of $17.88. The company has a 50-day moving average price of $17.21 and a 200-day moving average price of $15.81.
CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Thursday, August 10th. The aerospace company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.01. The firm had revenue of $699 million during the quarter, compared to analyst estimates of $699.76 million. CAE had a net margin of 9.30% and a return on equity of 13.96%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that CAE will post $0.85 EPS for the current fiscal year.
A number of research firms have recently issued reports on CAE. BidaskClub downgraded shares of CAE from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, August 1st. Finally, TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. CAE currently has a consensus rating of “Hold” and an average price target of $19.14.
CAE Company Profile
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.
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