Cargojet Inc. (CJT) to Issue Quarterly Dividend of $0.35 on April 4th

Cargojet Inc. (TSE:CJT) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Friday, April 4th will be paid a dividend of 0.35 per share on Friday, April 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, March 20th.

Cargojet Price Performance

Shares of TSE:CJT opened at C$87.07 on Tuesday. Cargojet has a 1-year low of C$82.85 and a 1-year high of C$144.97. The firm has a market capitalization of C$1.39 billion, a PE ratio of 611.06 and a beta of 0.91. The business’s 50 day moving average is C$108.28 and its 200-day moving average is C$119.66. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69.

Analysts Set New Price Targets

Several analysts recently commented on the company. Canaccord Genuity Group boosted their price target on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. Cormark decreased their price target on Cargojet from C$140.00 to C$120.00 in a research note on Wednesday, February 19th. TD Securities reduced their price objective on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. National Bankshares reduced their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, CIBC reduced their price objective on Cargojet from C$177.00 to C$163.00 in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$162.80.

About Cargojet

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.