Corby Spirit and Wine (TSE:CSW.A) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Corby Spirit and Wine Ltd's stock price has recently crossed above its 50 day moving average of C$14.22, reaching a high of C$15.23 during trading.
• The company announced a quarterly dividend of $0.23, with an annualized yield of 6.1%, although its dividend payout ratio stands at a high 104.76%.
• Corby's market capitalization is C$367.45 million, with a P/E ratio of 18.02 and a beta of 0.27, reflecting its stock's volatility compared to the market.

Shares of Corby Spirit and Wine Ltd (TSE:CSW.A - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$14.22 and traded as high as C$15.23. Corby Spirit and Wine shares last traded at C$15.14, with a volume of 3,764 shares trading hands.

Corby Spirit and Wine Stock Up 0.2%

The firm has a market cap of C$370.85 million, a P/E ratio of 18.19 and a beta of 0.27. The firm's 50-day moving average price is C$14.32 and its 200 day moving average price is C$14.43. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Wednesday, May 28th. Corby Spirit and Wine's dividend payout ratio is presently 104.76%.

Corby Spirit and Wine Company Profile

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.