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

Rogers Sugar Inc. (TSE:RSI) declared a quarterly dividend on Friday, December 27th,TickerTech Dividends reports. Investors of record on Thursday, January 9th will be paid a dividend of 0.09 per share on Thursday, January 9th. This represents a $0.36 annualized dividend and a 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. Rogers Sugar has a 12-month low of C$5.12 and a 12-month high of C$6.47. The company has a market capitalization of C$770.08 million, a P/E ratio of 16.27 and a beta of 0.60. The firm has a 50-day moving average price of C$5.82 and a 200 day moving average price of C$5.72. The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31.

Insider Transactions at Rogers Sugar

In other news, Senior Officer Patrick Dionne sold 50,352 shares of Rogers Sugar 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 transaction 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 transaction of C$119,200.00. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RSI. Scotiabank set a C$6.25 price target on shares of Rogers Sugar and gave the company a “sector perform” rating in a report on Wednesday, November 27th. BMO Capital Markets boosted their target price on shares of Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, November 29th. 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.com, the stock presently has an average rating of “Hold” and a consensus target price of C$6.55.

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.