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

Rogers Sugar Inc. (TSE:RSI) declared a quarterly dividend on Friday, December 27th,TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, December 27th.

Rogers Sugar Stock Performance

Shares of RSI stock opened at C$6.02 on Wednesday. The company has a market capitalization of C$770.08 million, a PE ratio of 16.27 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 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.

Analysts Set New Price Targets

RSI has been the topic of several recent analyst reports. BMO Capital Markets raised their price target on Rogers Sugar from C$6.50 to C$7.00 in a report on Friday, November 29th. Scotiabank set a C$6.25 target price on shares of 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 assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$6.55.

Insiders Place Their Bets

In related news, Senior Officer Patrick Dionne sold 50,352 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$6.37, for a total transaction of C$320,943.65. Also, Senior Officer Michael Walton sold 20,000 shares of Rogers Sugar stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$5.96, for a total transaction 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.