Insider Selling: Corby Spirit and Wine Ltd (TSE:CSW.A) Senior Officer Sells 2,500 Shares of Stock

Corby Spirit and Wine Ltd (TSE:CSW.A) Senior Officer Ryan Thomas Joseph Smith sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$14.87, for a total value of C$37,175.00. Following the completion of the transaction, the insider now owns 991 shares in the company, valued at C$14,736.17. This represents a 71.61 % decrease in their position.

Corby Spirit and Wine Stock Performance

TSE:CSW.A opened at C$14.15 on Thursday. The business’s fifty day moving average is C$13.99 and its 200 day moving average is C$13.14. The firm has a market cap of C$343.42 million, a price-to-earnings ratio of 16.85 and a beta of 0.27. The company has a debt-to-equity ratio of 77.55, a quick ratio of 1.77 and a current ratio of 2.34. Corby Spirit and Wine Ltd has a 52-week low of C$12.12 and a 52-week high of C$15.66.

Corby Spirit and Wine Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.50%. This is an increase from Corby Spirit and Wine’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, February 26th. Corby Spirit and Wine’s dividend payout ratio is presently 104.76%.

About Corby Spirit and Wine

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace.