Saputo Inc. (SAP) Plans Quarterly Dividend of $0.16
Saputo Inc. (TSE:SAP) declared a quarterly dividend on Monday, December 4th, TickerTech reports. Investors of record on Friday, December 15th will be given a dividend of 0.16 per share on Friday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, December 4th.
Saputo (TSE:SAP) traded down C$0.21 during midday trading on Wednesday, hitting C$43.98. The company had a trading volume of 266,301 shares, compared to its average volume of 517,030. Saputo has a 52-week low of C$39.74 and a 52-week high of C$48.98.
In other Saputo news, Director Paul Corney sold 2,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of C$44.00, for a total value of C$88,000.00.
Several research firms recently issued reports on SAP. National Bank Financial cut their target price on Saputo from C$50.00 to C$49.00 and set a “sector perform” rating on the stock in a research report on Sunday, November 5th. Scotiabank cut their target price on Saputo from C$58.00 to C$57.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Desjardins downgraded Saputo from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. BMO Capital Markets reissued a “market perform” rating and issued a C$47.00 target price on shares of Saputo in a research report on Friday, October 27th. Finally, TD Securities upped their target price on Saputo from C$49.00 to C$52.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Saputo has an average rating of “Buy” and an average target price of C$50.14.
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Saputo Inc produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese.
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