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

Rogers Sugar Inc. (TSE:RSI) announced a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 16th will be paid a dividend of 0.09 per share on Wednesday, April 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Friday, March 28th.

Rogers Sugar Trading Up 0.7 %

Shares of TSE:RSI opened at C$5.54 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41. Rogers Sugar has a 12-month low of C$5.12 and a 12-month high of C$6.47. The business has a 50 day moving average of C$5.56 and a two-hundred day moving average of C$5.72. The company has a market capitalization of C$706.89 million, a PE ratio of 12.68 and a beta of 0.60.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Scotiabank dropped their target price on shares of Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets lowered their price target on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a research note on Friday, February 7th.

Insider Activity at Rogers Sugar

In related news, Senior Officer Jean-Sebastien Couillard acquired 9,400 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of C$5.35 per share, with a total value of C$50,278.72. Also, Director M. Dallas H. Ross bought 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of C$5.42 per share, for a total transaction of C$813,000.00. Insiders own 0.28% of the company’s stock.

About Rogers Sugar

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.