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

Rogers Sugar Inc. (TSE:RSI) announced a quarterly dividend on Friday, December 27th,TickerTech Dividends reports. Shareholders 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 yield of 5.98%. The ex-dividend date is Friday, December 27th.

Rogers Sugar Price Performance

Shares of TSE RSI remained flat at C$6.02 during mid-day trading on Wednesday. The stock had a trading volume of 106,696 shares, compared to its average volume of 190,703. The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31. Rogers Sugar has a 1 year low of C$5.12 and a 1 year high of C$6.47. The firm’s 50 day simple moving average is C$5.82 and its two-hundred day simple moving average is C$5.72. The company has a market cap of C$770.08 million, a price-to-earnings ratio of 16.27 and a beta of 0.60.

Insiders Place Their Bets

In related news, Senior Officer Patrick Dionne sold 50,352 shares of the stock in a transaction dated 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 Rogers Sugar stock in a transaction that occurred 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.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RSI. Scotiabank set a C$6.25 price target on Rogers Sugar and gave the stock a “sector perform” rating in a research note on Wednesday, November 27th. BMO Capital Markets upped their target price on shares of Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$6.55.

About Rogers Sugar

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.