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

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

Rogers Sugar Stock Performance

RSI opened at C$5.54 on Wednesday. The stock has a market cap of C$706.89 million, a P/E ratio of 12.68 and a beta of 0.60. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. Rogers Sugar has a 1-year low of C$5.12 and a 1-year high of C$6.47. The stock’s 50 day simple moving average is C$5.56 and its 200 day simple moving average is C$5.72.

Insider Buying and Selling at Rogers Sugar

In other Rogers Sugar news, Senior Officer Jean-Sebastien Couillard purchased 9,400 shares of Rogers Sugar stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of C$5.35 per share, for a total transaction of C$50,278.72. Also, Director M. Dallas H. Ross purchased 150,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of C$5.42 per share, for a total transaction of C$813,000.00. 0.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on RSI. Scotiabank dropped their price target on Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. BMO Capital Markets decreased their target price on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating for the company in a report on Friday, February 7th.

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.