Skip navigation

News from The Globe and Mail

CAE triples dividend after 20-per-cent profit rise

CP; Bloomberg

CAE Inc. is signalling its faith in a strong future by tripling its dividend. "We felt that we had reached a turning point in terms of the company," CAE chief executive officer Robert Brown said yesterday, after announcing the quarterly dividend will rise to 3 cents, or an annualized yield of less than 1 per cent. CAE reported a 20-per-cent climb in full-year profit to $152.7-million.

Profit at the flight-simulator company's fourth quarter

ended March 31 increased to $35.6-million, compared with $34.3-million a year earlier. CAE is benefiting from an expansion in air travel in East Asia, India and the Persian Gulf. Clients that ordered flight simulators or booked training contracts last quarter include India's government. CAE (TSX) rose 3 cents to $13.12.

© The Globe and Mail

Search the News
Search using one or more of the following options:
    Symbol  Lookup
* Can only be used when searching The Globe and Mail and the newswires. Search Tips

Only GlobeinvestorGOLD combines the strength of powerful investing tools with the insight of The Globe and Mail.

Discover a wealth of investment information and and exclusive features.

Free E-Mail Newsletters

  • Morning news headlines
  • Morning business headlines
  • Financial highlights
  • Tech alert
  • Leisure

Sign-up for our free newsletters

Back to top