Cae Inc (TSE:CAE) (NYSE:CAE) declared a quarterly dividend on Tuesday, August 14th, Zacks reports. Shareholders of record on Friday, September 14th will be given a dividend of 0.10 per share on Friday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 13th. This is a boost from CAE’s previous quarterly dividend of $0.09.

CAE traded down C$0.24 during mid-day trading on Friday, reaching C$26.50. 556,400 shares of the stock were exchanged, compared to its average volume of 484,965. CAE has a 1 year low of C$19.71 and a 1 year high of C$28.15.

A number of research firms have issued reports on CAE. BMO Capital Markets reaffirmed an “outperform” rating and set a C$29.00 price objective on shares of CAE in a report on Thursday, August 2nd. National Bank Financial boosted their price target on shares of CAE from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Monday, May 28th. Scotiabank boosted their price target on shares of CAE from C$24.25 to C$28.50 and gave the stock an “outperform” rating in a report on Monday, May 28th. Royal Bank of Canada boosted their price target on shares of CAE from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Monday, May 28th. Finally, Raymond James boosted their price target on shares of CAE from C$21.00 to C$25.00 and gave the stock a “market perform” rating in a report on Monday, May 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$27.50.

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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