Saputo Inc. (SAP) to Issue Quarterly Dividend of $0.19 on March 14th

Saputo Inc. (TSE:SAP) declared a quarterly dividend on Tuesday, March 4th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.19 per share on Friday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, March 4th.

Saputo Stock Performance

SAP opened at C$25.49 on Friday. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The firm has a fifty day moving average price of C$24.33 and a 200 day moving average price of C$26.81. Saputo has a 1 year low of C$22.59 and a 1 year high of C$32.15. The stock has a market cap of C$10.75 billion, a P/E ratio of -68.25, a P/E/G ratio of 0.56 and a beta of 0.32.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SAP shares. Desjardins decreased their target price on shares of Saputo from C$34.00 to C$31.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Royal Bank of Canada reduced their price objective on shares of Saputo from C$38.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets reduced their price objective on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. CIBC reduced their price objective on shares of Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. Finally, Jefferies Financial Group reduced their price objective on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Saputo presently has a consensus rating of “Moderate Buy” and an average target price of C$31.29.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.