Cargojet Inc (TSE:CJT) declared a quarterly dividend on Tuesday, March 20th, TickerTech reports. Investors of record on Thursday, April 5th will be paid a dividend of 0.212 per share on Thursday, April 5th. This represents a $0.85 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, March 20th. This is an increase from Cargojet’s previous quarterly dividend of $0.19.

Shares of Cargojet stock traded down C$0.26 during mid-day trading on Monday, reaching C$67.14. 28,390 shares of the company traded hands, compared to its average volume of 18,842. Cargojet has a 12-month low of C$42.72 and a 12-month high of C$69.40. The company has a market cap of $905.82, a P/E ratio of 69.94 and a beta of 1.38.

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Cargojet (TSE:CJT) last announced its quarterly earnings results on Monday, March 12th. The company reported C$0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.67 by C$0.14. Cargojet had a net margin of 6.26% and a return on equity of 16.62%. The firm had revenue of C$118.20 million during the quarter, compared to the consensus estimate of C$100.15 million.

In other Cargojet news, insider Paul David Rinaldo sold 5,450 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of C$67.00, for a total value of C$365,150.00.

CJT has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of Cargojet from C$71.00 to C$74.00 and gave the company an “outperform” rating in a research report on Tuesday, March 13th. CIBC raised their price objective on shares of Cargojet from C$62.00 to C$74.00 in a research report on Tuesday, March 13th. National Bank Financial raised their price objective on shares of Cargojet from C$55.00 to C$65.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 13th. Finally, Acumen Capital raised their price objective on shares of Cargojet from C$60.00 to C$65.00 in a research report on Friday, January 19th.

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About Cargojet

Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.

Dividend History for Cargojet (TSE:CJT)

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