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

Rogers Sugar Inc. (TSE:RSI) announced a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Investors of record on Wednesday, April 16th will be paid a dividend of 0.09 per share on Wednesday, April 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Friday, March 28th.

Rogers Sugar Stock Up 0.7 %

TSE RSI traded up C$0.04 on Wednesday, reaching C$5.54. 14,181 shares of the stock traded hands, compared to its average volume of 255,213. Rogers Sugar has a 12 month low of C$5.12 and a 12 month high of C$6.47. The company has a market cap of C$706.89 million, a price-to-earnings ratio of 12.68 and a beta of 0.60. The company has a fifty day moving average price of C$5.56 and a 200-day moving average price of C$5.72. The company has a debt-to-equity ratio of 104.41, a quick ratio of 0.56 and a current ratio of 1.39.

Insider Activity at Rogers Sugar

In other Rogers Sugar news, Senior Officer Jean-Sebastien Couillard acquired 9,400 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of C$5.35 per share, for a total transaction of C$50,278.72. Also, Director M. Dallas H. Ross bought 150,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of C$5.42 per share, for a total transaction of C$813,000.00. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RSI shares. BMO Capital Markets decreased their price objective on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating for the company in a report on Friday, February 7th. Scotiabank reduced their price target on shares of Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a report on Friday, February 7th.

Rogers Sugar Company Profile

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