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

Rogers Sugar Inc (TSE:RSI) declared a quarterly dividend on Thursday, September 26th, TickerTech reports. Stockholders of record on Monday, October 21st will be paid a dividend of 0.09 per share on Monday, October 21st. This represents a $0.36 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Thursday, September 26th.

Shares of RSI traded up C$0.01 during midday trading on Wednesday, hitting C$5.51. The company’s stock had a trading volume of 43,864 shares, compared to its average volume of 106,808. Rogers Sugar has a one year low of C$5.15 and a one year high of C$6.17. The company’s fifty day simple moving average is C$5.36 and its two-hundred day simple moving average is C$5.74. The company has a quick ratio of 0.46, a current ratio of 1.79 and a debt-to-equity ratio of 100.89. The stock has a market capitalization of $577.54 million and a price-to-earnings ratio of 14.24.

Rogers Sugar (TSE:RSI) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter. The business had revenue of C$191.45 million during the quarter, compared to the consensus estimate of C$214.20 million. On average, research analysts predict that Rogers Sugar will post 0.44 earnings per share for the current year.



In related news, Director M. Dallas H. Ross sold 27,400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$5.20, for a total transaction of C$142,480.00. Following the sale, the director now owns 85,403 shares of the company’s stock, valued at approximately C$444,095.60.

RSI has been the topic of several recent analyst reports. Desjardins decreased their price target on Rogers Sugar from C$6.00 to C$5.25 in a research note on Friday, August 2nd. BMO Capital Markets decreased their price target on Rogers Sugar from C$5.50 to C$5.00 in a research note on Friday, August 2nd. National Bank Financial decreased their price target on Rogers Sugar from C$5.50 to C$5.25 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Finally, TD Securities decreased their price target on Rogers Sugar from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Tuesday, August 6th.

Rogers Sugar Company Profile

Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.

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Dividend History for Rogers Sugar (TSE:RSI)

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