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

Rogers Sugar Inc. (TSE:RSI) declared a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 16th will be given a dividend of 0.09 per share on Wednesday, April 16th. This represents a $0.36 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend is Friday, March 28th.

Rogers Sugar Trading Down 0.4 %

Shares of RSI stock traded down C$0.02 during trading hours on Wednesday, hitting C$5.52. 23,292 shares of the company were exchanged, compared to its average volume of 255,198. The company has a 50 day simple moving average of C$5.56 and a two-hundred day simple moving average of C$5.72. Rogers Sugar has a fifty-two week low of C$5.12 and a fifty-two week high of C$6.47. The firm has a market cap of C$704.34 million, a P/E ratio of 12.64 and a beta of 0.60. The company has a debt-to-equity ratio of 104.41, a quick ratio of 0.56 and a current ratio of 1.39.

Insider Buying and Selling

In related news, Senior Officer Jean-Sebastien Couillard bought 9,400 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average price of C$5.35 per share, for a total transaction of C$50,278.72. Also, Director M. Dallas H. Ross purchased 150,000 shares of Rogers Sugar stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of C$5.42 per share, with a total value of C$813,000.00. 0.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of research reports. BMO Capital Markets dropped their price target on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a research note 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 note 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.