Rogers Sugar Inc. (TSE:RSI) to Issue Quarterly Dividend of $0.09

Rogers Sugar Inc. (TSE:RSI) declared a quarterly dividend on Friday, March 27th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.09 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, March 27th.

Rogers Sugar Price Performance

Shares of RSI opened at C$6.74 on Wednesday. Rogers Sugar has a one year low of C$5.22 and a one year high of C$6.80. The stock’s fifty day moving average is C$6.46 and its 200-day moving average is C$6.29. The company has a debt-to-equity ratio of 92.00, a quick ratio of 0.56 and a current ratio of 2.20. The firm has a market capitalization of C$864.18 million, a price-to-earnings ratio of 11.42 and a beta of 0.89.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings data on Thursday, February 5th. The company reported C$0.19 earnings per share for the quarter. The business had revenue of C$298.19 million during the quarter. Rogers Sugar had a net margin of 6.00% and a return on equity of 16.98%. Equities analysts anticipate that Rogers Sugar will post 0.5597668 EPS for the current year.

Wall Street Analysts Forecast Growth

RSI has been the topic of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a research note on Friday, November 28th. Scotiabank lowered shares of Rogers Sugar from a “hold” rating to a “strong sell” rating and lowered their price objective for the company from C$6.50 to C$6.00 in a research note on Friday, February 6th. TD Securities cut Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 target price on the stock. in a report on Friday, November 28th. Finally, National Bank Financial upped their target price on Rogers Sugar from C$6.25 to C$7.00 and gave the stock a “sector perform” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$6.90.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.