Corby Spirit and Wine (TSE:CSW.A) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Corby Spirit and Wine Ltd (TSE:CSW.A)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.20 and traded as low as C$12.67. Corby Spirit and Wine shares last traded at C$12.73, with a volume of 9,305 shares changing hands.

Corby Spirit and Wine Stock Up 0.2 %

The stock has a market capitalization of C$308.96 million, a PE ratio of 15.15 and a beta of 0.27. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55. The company’s 50-day moving average is C$12.93 and its 200 day moving average is C$13.20.

Corby Spirit and Wine Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.22 per share. This is a boost from Corby Spirit and Wine’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.91%. Corby Spirit and Wine’s dividend payout ratio (DPR) is presently 104.76%.

About Corby Spirit and Wine

Corby Spirit and Wine Limited manufactures, markets, and distributes spirits and imported wines. Its portfolio of brands include J.P. Wiser's Canadian whiskies, Lamb's rum, Polar Ice vodka, Ungava Spirits, Foreign Affair, and McGuinness liqueurs; and international brands comprise ABSOLUT vodka, Chivas Regal, The Glenlivet and Ballantine's Scotch whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahlúa liqueur, and Mumm Champagne, as well as Jacob's Creek, Stoneleigh, Graffigna, Campo Viejo, and Wyndham Estate wines.