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

Rogers Sugar Inc. (TSE:RSI) announced a quarterly dividend on Friday, June 26th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.09 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, June 26th.

Rogers Sugar Price Performance

TSE:RSI opened at C$6.89 on Wednesday. The business’s 50-day simple moving average is C$6.67 and its two-hundred day simple moving average is C$6.45. Rogers Sugar has a 52 week low of C$5.56 and a 52 week high of C$7.01. The stock has a market cap of C$883.75 million, a PE ratio of 13.00 and a beta of 0.71. The company has a quick ratio of 0.56, a current ratio of 2.22 and a debt-to-equity ratio of 88.50.

Rogers Sugar (TSE:RSI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.14 earnings per share for the quarter. Rogers Sugar had a return on equity of 14.94% and a net margin of 5.58%.The firm had revenue of C$280.62 million during the quarter. As a group, analysts forecast that Rogers Sugar will post 0.5597668 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TD Securities raised Rogers Sugar to a “hold” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rogers Sugar presently has an average rating of “Hold” and an average price target of C$6.90.

About Rogers Sugar

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.