Cineplex Inc (CGX) To Go Ex-Dividend on November 29th

Cineplex Inc (TSE:CGX) declared a monthly dividend on Thursday, November 30th, Zacks reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.14 per share on Friday, December 29th. This represents a $1.68 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Wednesday, November 29th.

Shares of Cineplex (CGX) opened at C$36.91 on Tuesday. Cineplex has a 12 month low of C$34.43 and a 12 month high of C$54.81.

A number of analysts have recently issued reports on the stock. CIBC dropped their price objective on shares of Cineplex from C$55.00 to C$50.00 in a research note on Thursday, August 3rd. Canaccord Genuity dropped their price objective on shares of Cineplex from C$59.00 to C$51.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Raymond James Financial, Inc. dropped their price target on shares of Cineplex from C$58.00 to C$52.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. TD Securities dropped their price target on shares of Cineplex from C$64.00 to C$52.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Finally, National Bank Financial dropped their price target on shares of Cineplex from C$42.00 to C$40.50 and set a “sector perform” rating for the company in a research note on Wednesday, November 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Cineplex currently has a consensus rating of “Buy” and an average price target of C$46.81.

In other Cineplex news, insider Daniel F. Mcgrath bought 10,000 shares of the stock in a transaction on Thursday, September 7th. The stock was purchased at an average price of C$38.59 per share, for a total transaction of C$385,900.00. Also, Director Sarabjit Marwah bought 5,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of C$37.07 per share, with a total value of C$185,350.00. In the last 90 days, insiders purchased 19,000 shares of company stock valued at $715,250.

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About Cineplex

Cineplex Inc (Cineplex) is a Canada-based film exhibition company. The Company’s segments include Exhibition and Media. The Exhibition segment includes all direct and ancillary revenues from theatre attendance, including box office and food service revenues. The Exhibition segment also includes amusement gaming and leisure, theatre rentals and digital commerce rental and sales.

Dividend History for Cineplex (TSE:CGX)

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