Saputo Inc. (SAP) Announces Dividend of C$0.24
Saputo (TSE:SAP) declared a dividend on Tuesday, August 5th, American Banking News.com reports. Investors of record on Thursday, September 4th will be given a dividend of 0.2375 per share on Monday, September 15th. The ex-dividend date of this dividend is Tuesday, September 2nd.
A number of research firms have recently commented on SAP. Analysts at Desjardins raised their price target on shares of Saputo from C$64.00 to C$71.00 in a research note on Wednesday, August 6th. They now have a “hold” rating on the stock. On a related note, analysts at National Bank Financial raised their price target on shares of Saputo from C$65.00 to C$66.00 in a research note on Wednesday, August 6th. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Saputo from C$64.00 to C$75.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$66.44.
Saputo (TSE:SAP) opened at 66.33 on Wednesday. Saputo has a 52 week low of $46.39 and a 52 week high of $69.24. The stock’s 50-day moving average is $66.15 and its 200-day moving average is $59.90. The company has a market cap of $12.989 billion and a price-to-earnings ratio of 23.86.
Saputo (TSE:SAP) last announced its earnings results on Wednesday, August 6th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.78 by $0.05. Analysts expect that Saputo will post $3.21 EPS for the current fiscal year.
Saputo Inc is a dairy processor in Canada and cheese producer in the United States. The Company produces, markets and distributes an array of dairy products from Canada, the United States and Argentina, as well as bakery products from Canada.
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