Cineplex Inc (CGX) Declares Monthly Dividend of $0.15
Cineplex Inc (TSE:CGX) announced a monthly dividend on Tuesday, November 20th, Zacks reports. Stockholders of record on Friday, November 30th will be given a dividend of 0.145 per share on Monday, December 31st. This represents a $1.74 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend is Thursday, November 29th.
TSE:CGX opened at C$26.06 on Wednesday. Cineplex has a 12 month low of C$25.60 and a 12 month high of C$39.99. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 86.19.
Several research firms have recently commented on CGX. Raymond James dropped their target price on shares of Cineplex from C$38.00 to C$34.00 and set an “outperform” rating for the company in a research report on Thursday, November 15th. National Bank Financial cut shares of Cineplex from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$36.00 to C$30.00 in a research report on Thursday, November 15th. CIBC dropped their target price on shares of Cineplex from C$36.00 to C$33.00 in a research report on Thursday, November 15th. Canaccord Genuity lowered their price target on shares of Cineplex from C$33.00 to C$32.00 in a research report on Monday, August 13th. Finally, Royal Bank of Canada lifted their price target on shares of Cineplex from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Monday, August 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cineplex has an average rating of “Buy” and a consensus target price of C$34.00.
Cineplex Inc, through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce.
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