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

Saputo Inc. (TSE:SAP) announced a quarterly dividend on Tuesday, March 4th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be paid 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 of this dividend is Tuesday, March 4th.

Saputo Stock Performance

Shares of TSE:SAP opened at C$25.49 on Friday. The stock has a market capitalization 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. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 51.68. Saputo has a 1-year low of C$22.59 and a 1-year high of C$32.15. The business has a 50-day moving average price of C$24.33 and a two-hundred day moving average price of C$26.81.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Securities reduced their price objective on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. CIBC cut their price target on Saputo from C$32.00 to C$29.00 in a research note on Monday, February 10th. National Bankshares decreased their price objective on Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th. BMO Capital Markets dropped their price objective on Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Finally, Royal Bank of Canada cut their target price on 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.