Calian Group Ltd (TSE:CGY) to Issue Quarterly Dividend of $0.28

Calian Group Ltd (TSE:CGY) announced a quarterly dividend on Monday, November 25th, Zacks reports. Stockholders of record on Monday, December 9th will be given a dividend of 0.28 per share on Monday, December 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, December 6th.

CGY stock traded down C$0.18 during midday trading on Wednesday, reaching C$38.83. The company had a trading volume of 7,760 shares, compared to its average volume of 5,676. Calian Group has a 1 year low of C$26.99 and a 1 year high of C$39.78. The company has a current ratio of 1.85, a quick ratio of 1.72 and a debt-to-equity ratio of 11.30. The company has a market capitalization of $314.62 million and a P/E ratio of 15.24. The company has a 50 day moving average of C$36.19 and a two-hundred day moving average of C$34.55.

In other news, Director Raymond Gregory Basler sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$38.82, for a total transaction of C$194,100.00. Following the transaction, the director now owns 39,014 shares in the company, valued at approximately C$1,514,523.48. Also, Senior Officer Jacqueline Gauthier sold 2,934 shares of the company’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$38.52, for a total transaction of C$113,017.68. Following the transaction, the insider now directly owns 16,659 shares of the company’s stock, valued at approximately C$641,704.68. Insiders sold 9,934 shares of company stock valued at $377,118 in the last ninety days.

A number of research analysts have commented on the company. Laurentian lowered their target price on Calian Group from C$38.25 to C$38.00 in a research note on Thursday, August 8th. Canaccord Genuity lifted their price target on Calian Group from C$40.00 to C$45.00 in a report on Wednesday, November 27th.

About Calian Group

Calian Group Ltd. engages in the systems engineering, manufacturing, training, information technology, and health care solutions to industries and government in Canada, the United States, and Europe. The company's Systems Engineering division plans, designs, and implements solutions in satellite communications, defense/security, and high-end telecommunications sectors.

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Dividend History for Calian Group (TSE:CGY)

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