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

Rogers Sugar Inc. (TSE:RSI) announced a quarterly dividend on Friday, December 27th,TickerTech Dividends reports. Investors of record on Thursday, January 9th will be given a dividend of 0.09 per share on Thursday, January 9th. This represents a $0.36 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, December 27th.

Rogers Sugar Price Performance

RSI remained flat at C$6.02 during trading on Wednesday. 106,696 shares of the company’s stock traded hands, compared to its average volume of 190,703. Rogers Sugar has a 1-year low of C$5.12 and a 1-year high of C$6.47. The business’s fifty day moving average is C$5.82 and its 200 day moving average is C$5.72. The company has a debt-to-equity ratio of 100.31, a quick ratio of 0.56 and a current ratio of 1.66. The firm has a market cap of C$770.08 million, a P/E ratio of 16.27 and a beta of 0.60.

Wall Street Analysts Forecast Growth

RSI has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, November 29th. Scotiabank set a C$6.25 price objective on Rogers Sugar and gave the company a “sector perform” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$6.55.

Insider Transactions at Rogers Sugar

In other news, Senior Officer Patrick Dionne sold 50,352 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$6.37, for a total value of C$320,943.65. Also, Senior Officer Michael Walton sold 20,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$5.96, for a total value of C$119,200.00. Corporate insiders own 0.28% of the company’s stock.

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.