Premium Brands Holdings Corp (TSE:PBH) declared a quarterly dividend on Thursday, September 27th, TickerTech reports. Investors of record on Monday, October 15th will be given a dividend of 0.475 per share on Monday, October 15th. This represents a $1.90 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, September 27th. This is a boost from Premium Brands’s previous quarterly dividend of $0.42.
TSE:PBH traded down C$1.31 during mid-day trading on Wednesday, hitting C$96.17. The company’s stock had a trading volume of 193,835 shares, compared to its average volume of 85,314. Premium Brands has a fifty-two week low of C$92.02 and a fifty-two week high of C$122.77.
Premium Brands (TSE:PBH) last posted its quarterly earnings results on Monday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.14 by C($0.04). The business had revenue of C$761.50 million during the quarter, compared to analyst estimates of C$754.97 million. Premium Brands had a return on equity of 19.68% and a net margin of 3.82%.
In other news, Director Kenneth Propp sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of C$98.19, for a total transaction of C$216,018.00. Also, Director John Zaplatynsky sold 458 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of C$97.98, for a total transaction of C$44,874.84.
PBH has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective on shares of Premium Brands from C$142.00 to C$133.00 and set an “outperform” rating for the company in a report on Tuesday, August 14th. Desjardins reaffirmed a “buy” rating on shares of Premium Brands in a report on Wednesday, August 1st. Finally, BMO Capital Markets dropped their price objective on shares of Premium Brands from C$138.00 to C$137.00 in a report on Tuesday, August 14th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$130.71.
About Premium Brands
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.
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