Cae Inc (NYSE:CAE) (TSE:CAE) announced a quarterly dividend on Tuesday, August 14th, Zacks reports. Investors of record on Friday, September 14th will be given a dividend of 0.077 per share by the aerospace company on Friday, September 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, September 13th. This is an increase from CAE’s previous quarterly dividend of $0.07.
CAE has increased its dividend by an average of 3.9% annually over the last three years and has increased its dividend every year for the last 2 years. CAE has a dividend payout ratio of 42.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CAE to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 38.1%.
Shares of CAE traded down $0.23 on Friday, reaching $20.12. 119,275 shares of the company’s stock were exchanged, compared to its average volume of 145,960. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.42 and a quick ratio of 1.05. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 2.17 and a beta of 0.67. CAE has a 12 month low of $16.17 and a 12 month high of $21.70.
CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Tuesday, August 14th. The aerospace company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. The business had revenue of $722.00 million during the quarter, compared to the consensus estimate of $729.04 million. CAE had a net margin of 12.36% and a return on equity of 13.48%. CAE’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. analysts expect that CAE will post 0.94 EPS for the current year.
Separately, ValuEngine raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Friday.
CAE Company Profile
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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