Saputo Inc. (TSE:SAP) Announces $0.19 Quarterly Dividend

Saputo Inc. (TSE:SAP) declared a quarterly dividend on Tuesday, March 4th, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, March 4th.

Saputo Trading Down 0.9 %

Shares of TSE SAP opened at C$25.49 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. The stock has a market capitalization of C$10.75 billion, a PE ratio of -68.25, a PEG ratio of 0.56 and a beta of 0.32. Saputo has a twelve month low of C$22.59 and a twelve month high of C$32.15. The stock has a fifty day simple moving average of C$24.33 and a 200-day simple moving average of C$26.81.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SAP shares. Jefferies Financial Group dropped their target price on 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. Royal Bank of Canada cut their target price on shares of Saputo from C$38.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. National Bankshares decreased their price target on shares of Saputo from C$31.00 to C$28.00 in a research report on Wednesday, January 15th. Desjardins dropped their price target 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. Finally, TD Securities reduced their price objective on Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.