Saputo Inc. Declares Quarterly Dividend of $0.15 (SAP)
Saputo Inc. (TSE:SAP) announced a quarterly dividend on Tuesday, June 13th, TickerTech reports. Shareholders of record on Tuesday, June 27th will be paid a dividend of 0.15 per share on Tuesday, June 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, June 13th.
Shares of Saputo (TSE:SAP) traded down 0.07% during mid-day trading on Monday, reaching $43.19. 336,916 shares of the company’s stock were exchanged. The firm has a market capitalization of $16.67 billion and a P/E ratio of 23.47. Saputo has a one year low of $36.40 and a one year high of $48.98. The stock has a 50-day moving average of $44.22 and a 200 day moving average of $45.75.
Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.06. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.92 billion. On average, analysts forecast that Saputo will post $2.04 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a C$50.00 price target on shares of Saputo in a report on Tuesday, April 11th. BMO Capital Markets restated a “market perform” rating and set a C$48.00 price target on shares of Saputo in a report on Thursday, April 13th. TD Securities reduced their price target on Saputo from C$49.00 to C$48.00 and set a “hold” rating for the company in a report on Friday, June 2nd. CIBC reduced their price target on Saputo from C$54.00 to C$51.00 in a report on Friday, June 2nd. Finally, Desjardins upgraded Saputo from a “hold” rating to a “buy” rating and set a C$47.00 price target for the company in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$48.86.
TRADEMARK VIOLATION NOTICE: “Saputo Inc. Declares Quarterly Dividend of $0.15 (SAP)” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/06/12/saputo-inc-declares-quarterly-dividend-of-0-15-sap.html.
In related news, Director Annette Marie Verschuren purchased 1,000 shares of Saputo stock in a transaction dated Tuesday, June 6th. The stock was purchased at an average cost of C$43.03 per share, for a total transaction of C$43,030.00.
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
Receive News & Ratings for Saputo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.