Sagicor Financial Company Ltd. (TSE:SFC) to Issue $0.08 Quarterly Dividend

Sagicor Financial Company Ltd. (TSE:SFC) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Stockholders of record on Tuesday, August 27th will be given a dividend of 0.083 per share on Tuesday, September 17th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Tuesday, August 27th.

Sagicor Financial Stock Performance

Shares of SFC stock opened at C$6.11 on Friday. The business has a fifty day moving average price of C$6.23. The stock has a market capitalization of C$861.94 million, a PE ratio of 1.38 and a beta of 0.21. Sagicor Financial has a twelve month low of C$4.25 and a twelve month high of C$7.41.

Insider Activity at Sagicor Financial

In related news, Director Gilbert Samuel Palter bought 7,200 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were acquired at an average cost of C$6.50 per share, with a total value of C$46,800.00. 33.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SFC has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Scotiabank dropped their price objective on shares of Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research note on Friday, August 16th.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.