Rogers Sugar Inc (RSI) Plans $0.09 Quarterly Dividend
Rogers Sugar Inc (TSE:RSI) declared a quarterly dividend on Thursday, December 28th, TickerTech reports. Investors of record on Friday, January 19th will be paid a dividend of 0.09 per share on Friday, January 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Rogers Sugar (TSE:RSI) traded up C$0.03 during midday trading on Friday, hitting C$6.38. The company had a trading volume of 152,138 shares, compared to its average volume of 241,420. The stock has a market cap of $674.64, a PE ratio of 29.00 and a beta of 0.52. Rogers Sugar has a 52 week low of C$5.90 and a 52 week high of C$6.94.
A number of brokerages recently weighed in on RSI. Scotiabank raised their price objective on Rogers Sugar from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report on Tuesday, November 21st. National Bank Financial raised their price objective on Rogers Sugar from C$6.75 to C$7.00 and gave the company a “sector perform” rating in a report on Tuesday, November 21st. TD Securities reissued a “hold” rating and set a C$7.00 price objective on shares of Rogers Sugar in a report on Wednesday, November 22nd. BMO Capital Markets decreased their price objective on Rogers Sugar from C$7.50 to C$7.00 in a report on Friday, November 24th. Finally, Desjardins reaffirmed a “buy” rating and issued a C$7.00 price target on shares of Rogers Sugar in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Rogers Sugar has a consensus rating of “Buy” and a consensus price target of C$7.10.
About Rogers Sugar
Rogers Sugar Inc holds all of the common shares of Lantic Inc (Lantic). Lantic is engaged in sugar business and operates as a refiner, processor, distributor and marketer of sugar products in Canada. As a sugar processor in Western Canada, Lantic supplies over 90% of the demand for refined sugar in that region.
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