Cascades Inc (TSE:CAS) Senior Officer Robert F. Hall sold 41,373 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$11.81, for a total value of C$488,615.13. Following the completion of the sale, the insider now directly owns 208,174 shares of the company’s stock, valued at approximately C$2,458,534.94.
CAS traded down C$0.05 during trading on Thursday, reaching C$11.74. 51,757 shares of the stock traded hands, compared to its average volume of 212,237. The stock has a market cap of $1.10 billion and a price-to-earnings ratio of 47.15. Cascades Inc has a fifty-two week low of C$7.55 and a fifty-two week high of C$13.60. The company has a debt-to-equity ratio of 115.99, a current ratio of 1.43 and a quick ratio of 0.81. The stock’s 50-day simple moving average is C$12.02 and its two-hundred day simple moving average is C$9.83.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, September 6th will be given a dividend of $0.08 per share. This is a boost from Cascades’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a yield of 2.73%. Cascades’s dividend payout ratio (DPR) is presently 64.26%.
Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.
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