Cargojet Inc. Announces Quarterly Dividend of $0.35 (TSE:CJT)

Cargojet Inc. (TSE:CJT) declared a quarterly dividend on Friday, December 20th,TickerTech Dividends reports. Investors of record on Friday, January 3rd will be given a dividend of 0.35 per share on Friday, January 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, December 20th.

Cargojet Stock Performance

TSE:CJT opened at C$108.02 on Wednesday. The company has a 50-day moving average of C$128.16 and a 200-day moving average of C$127.88. The firm has a market cap of C$1.74 billion, a price-to-earnings ratio of -113.71 and a beta of 0.91. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. Cargojet has a twelve month low of C$104.20 and a twelve month high of C$144.97.

Analyst Ratings Changes

CJT has been the subject of several recent analyst reports. TD Securities decreased their target price on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Canaccord Genuity Group raised their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. CIBC lifted their price objective on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. National Bankshares increased their target price on Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, ATB Capital lowered their price target on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$159.27.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.