Rogers Sugar Inc. (TSE:RSI) Announces $0.09 Quarterly Dividend

Rogers Sugar Inc. (TSE:RSI – Get Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Stockholders of record on Thursday, June 30th will be paid a dividend of 0.09 per share on Wednesday, July 13th. This represents a $0.36 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Wednesday, June 29th.

Rogers Sugar stock opened at C$6.15 on Friday. The company has a quick ratio of 0.57, a current ratio of 2.33 and a debt-to-equity ratio of 126.41. The stock has a market cap of C$637.95 million and a P/E ratio of 13.06. The company’s 50 day moving average price is C$6.21 and its two-hundred day moving average price is C$6.00. Rogers Sugar has a 52 week low of C$5.31 and a 52 week high of C$6.39.

Rogers Sugar (TSE:RSI – Get Rating) last released its quarterly earnings data on Thursday, February 10th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.04). The company had revenue of C$230.76 million for the quarter. On average, equities analysts anticipate that Rogers Sugar will post 0.44 EPS for the current year.

In other news, Senior Officer John Holliday sold 88,000 shares of the stock in a transaction dated Friday, March 25th. The shares were sold at an average price of C$6.29, for a total transaction of C$553,238.40. Following the completion of the sale, the insider now directly owns 115,214 shares in the company, valued at C$724,327.38. Also, Senior Officer Michael Walton sold 32,000 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of C$5.85, for a total transaction of C$187,200.00. Following the sale, the insider now owns 64,106 shares of the company’s stock, valued at C$375,020.10.

Several brokerages recently issued reports on RSI. National Bankshares upped their target price on shares of Rogers Sugar from C$5.25 to C$5.75 and gave the stock a “sector perform” rating in a research report on Wednesday, May 4th. BMO Capital Markets upped their target price on shares of Rogers Sugar from C$6.00 to C$6.50 in a research report on Friday, February 11th.

Rogers Sugar Company Profile (Get Rating)

Rogers Sugar Inc engages in refining, packaging, and marketing sugar and maple products. The company operates through two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.

Recommended Stories