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

Rogers Sugar Inc. (TSE:RSI) announced a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Stockholders 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 Price Performance

Shares of Rogers Sugar stock opened at C$5.54 on Wednesday. The stock has a market cap of C$706.89 million, a PE ratio of 12.68 and a beta of 0.60. Rogers Sugar has a 52 week low of C$5.12 and a 52 week high of C$6.47. The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41. The company’s 50-day moving average price is C$5.56 and its two-hundred day moving average price is C$5.72.

Insiders Place Their Bets

In related news, Director M. Dallas H. Ross bought 150,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of C$5.42 per share, for a total transaction of C$813,000.00. Also, Senior Officer Jean-Sebastien Couillard purchased 9,400 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of C$5.35 per share, for a total transaction of C$50,278.72. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut their price target on shares of Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a report on Friday, February 7th. Scotiabank reduced their price objective on Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a research 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.