Premium Brands Holdings Corp Plans Quarterly Dividend of $0.42 (PBH)
Premium Brands Holdings Corp (TSE:PBH) declared a quarterly dividend on Tuesday, August 15th, Zacks reports. Investors of record on Friday, September 29th will be paid a dividend of 0.42 per share on Monday, October 16th. This represents a $1.68 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 28th.
Shares of Premium Brands Holdings Corp (TSE PBH) traded down 0.13% during trading on Wednesday, reaching $99.50. The company had a trading volume of 24,449 shares. Premium Brands Holdings Corp has a 12 month low of $59.12 and a 12 month high of $102.01. The firm has a market capitalization of $2.97 billion and a PE ratio of 39.31. The stock has a 50 day moving average price of $91.94 and a 200 day moving average price of $84.85.
In related news, Director John Stephen Beliveau sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of C$99.80, for a total value of C$149,700.00.
Several brokerages have recently weighed in on PBH. National Bank Financial lifted their price objective on Premium Brands Holdings Corp from C$105.00 to C$110.00 and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank lifted their price objective on Premium Brands Holdings Corp from C$88.00 to C$93.00 and gave the stock a “sector perform” rating in a report on Tuesday. BMO Capital Markets lifted their price objective on Premium Brands Holdings Corp from C$83.00 to C$95.00 in a report on Tuesday, May 16th. Royal Bank Of Canada lifted their price objective on Premium Brands Holdings Corp from C$11.00 to C$109.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, TD Securities lifted their price objective on Premium Brands Holdings Corp from C$90.00 to C$92.00 and gave the stock a “hold” rating in a report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$93.29.
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Premium Brands Holdings Corp Company Profile
Premium Brands Holdings Corporation manufactures and distributes food products in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal products, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini products, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.
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