Saputo Inc. Plans Quarterly Dividend of $0.17 (TSE:SAP)

Saputo Inc. (TSE:SAP) announced a quarterly dividend on Monday, December 2nd, TickerTech reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.17 per share on Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 2nd.

TSE SAP opened at C$40.15 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.68 and a debt-to-equity ratio of 70.01. The stock’s 50 day moving average is C$39.04 and its two-hundred day moving average is C$40.47. The company has a market capitalization of $16.37 billion and a price-to-earnings ratio of 20.72. Saputo has a 1-year low of C$37.38 and a 1-year high of C$46.41.

A number of equities research analysts have weighed in on the company. Desjardins reaffirmed a “hold” rating on shares of Saputo in a report on Wednesday, September 11th. Royal Bank of Canada decreased their price objective on Saputo from C$49.00 to C$47.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. TD Securities lifted their price objective on Saputo from C$41.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, August 9th. CIBC lifted their price objective on Saputo from C$43.00 to C$44.00 in a report on Friday, November 8th. Finally, National Bank Financial lifted their price objective on Saputo from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Saputo currently has an average rating of “Hold” and an average price target of C$45.50.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.

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Dividend History for Saputo (TSE:SAP)

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