Cineplex Inc (CGX) Plans Monthly Dividend of $0.14
Cineplex Inc (TSE:CGX) declared a monthly dividend on Friday, December 15th, Zacks reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.14 per share on Wednesday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Cineplex (CGX) traded down C$0.07 during mid-day trading on Friday, reaching C$37.91. 196,764 shares of the company’s stock traded hands, compared to its average volume of 201,719. Cineplex has a 52 week low of C$34.43 and a 52 week high of C$54.81. The stock has a market cap of $2,400.00, a PE ratio of 36.81 and a beta of 0.41.
Several brokerages have commented on CGX. Raymond James Financial decreased their price target on shares of Cineplex from C$52.00 to C$46.00 and set an “outperform” rating for the company in a research report on Tuesday, September 26th. Scotiabank reaffirmed an “outperform” rating and set a C$46.00 price objective on shares of Cineplex in a research report on Wednesday, September 20th. BMO Capital Markets decreased their price objective on shares of Cineplex from C$48.00 to C$44.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. National Bank Financial decreased their price objective on shares of Cineplex from C$42.00 to C$40.50 and set a “sector perform” rating for the company in a research report on Wednesday, November 8th. Finally, TD Securities decreased their price objective on shares of Cineplex from C$52.00 to C$47.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$46.81.
Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.
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