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

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

TSE:RSI opened at C$6.15 on Friday. Rogers Sugar has a fifty-two week low of C$5.31 and a fifty-two week high of C$6.39. The stock has a market capitalization of C$637.95 million and a P/E ratio of 13.06. The company has a debt-to-equity ratio of 126.41, a quick ratio of 0.57 and a current ratio of 2.33. The company’s 50-day simple moving average is C$6.21 and its 200-day simple moving average is C$6.00.

Rogers Sugar (TSE:RSIGet Rating) last released its quarterly earnings results 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 firm had revenue of C$230.76 million for the quarter. On average, research analysts forecast that Rogers Sugar will post 0.44 EPS for the current year.

In other Rogers Sugar news, Senior Officer John Holliday sold 88,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 115,214 shares of the company’s stock, valued at approximately C$724,327.38. Also, Senior Officer Michael Walton sold 32,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 64,106 shares of the company’s stock, valued at C$375,020.10.

A number of research firms recently commented on RSI. National Bankshares lifted 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 note on Wednesday, May 4th. BMO Capital Markets lifted their target price on shares of Rogers Sugar from C$6.00 to C$6.50 in a research note on Friday, February 11th.

About Rogers Sugar (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.

Further Reading

Dividend History for Rogers Sugar (TSE:RSI)

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