Cineplex Inc (CGX) Plans $0.15 Monthly Dividend

Cineplex Inc (TSE:CGX) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.145 per share on Friday, May 31st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Monday, April 29th.

Shares of Cineplex stock opened at C$24.10 on Thursday. Cineplex has a 12 month low of C$22.88 and a 12 month high of C$36.65. The company has a market cap of $1.53 billion and a price-to-earnings ratio of 19.80. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 88.76.

Cineplex (TSE:CGX) last announced its earnings results on Friday, February 15th. The company reported C$0.43 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.08). The business had revenue of C$428.18 million during the quarter, compared to analyst estimates of C$425.40 million. As a group, equities research analysts anticipate that Cineplex will post 1.4299999020548 EPS for the current fiscal year.

A number of equities analysts have commented on the company. Raymond James set a C$31.00 target price on Cineplex and gave the company an “outperform” rating in a report on Tuesday, April 9th. BMO Capital Markets cut their price target on Cineplex from C$32.00 to C$30.00 and set a “market perform” rating for the company in a report on Tuesday, February 19th. Finally, National Bank Financial cut their price target on Cineplex from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$31.57.

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Cineplex Company Profile

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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Dividend History for Cineplex (TSE:CGX)

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