Waterloo Brewing Ltd. (TSE:WBR) to Issue Quarterly Dividend of $0.03

Waterloo Brewing Ltd. (TSE:WBRGet Rating) announced a quarterly dividend on Tuesday, May 17th, TickerTech reports. Shareholders of record on Wednesday, June 1st will be paid a dividend of 0.0304 per share on Wednesday, June 1st. This represents a $0.12 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, May 17th.

Shares of WBR opened at C$4.35 on Friday. The business’s fifty day simple moving average is C$4.75 and its two-hundred day simple moving average is C$5.38. The company has a current ratio of 0.80, a quick ratio of 0.38 and a debt-to-equity ratio of 200.44. Waterloo Brewing has a 12 month low of C$4.10 and a 12 month high of C$8.00. The company has a market cap of C$156.10 million and a price-to-earnings ratio of 27.19.

Waterloo Brewing (TSE:WBRGet Rating) last issued its earnings results on Thursday, April 7th. The company reported C$0.03 EPS for the quarter. The business had revenue of C$28.20 million for the quarter, compared to analysts’ expectations of C$30.30 million. As a group, research analysts forecast that Waterloo Brewing will post 0.23 EPS for the current year.

Separately, Canaccord Genuity Group cut their target price on Waterloo Brewing from C$7.50 to C$7.25 in a research note on Friday, April 8th.

About Waterloo Brewing (Get Rating)

Waterloo Brewing Ltd. engages in the production, distribution, and sale of alcohol-based products. It produces, sells, markets, and distributes bottled, canned, and draft premium beer under the Waterloo brand name; and value beer under the Laker and Red Cap brands. The company also produces, sells, and markets vodka-based coolers and ciders under the Seagram trademark; beer under the LandShark brand name; and coolers under the Margaritaville trademark.

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Dividend History for Waterloo Brewing (TSE:WBR)

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