Saputo Inc. (TSE:SAP) Plans Quarterly Dividend of $0.21

Key Points

• Saputo raised its quarterly dividend by 5% to C$0.21 per share, implying a 2.1% annualized yield. Shareholders of record on September 25 are scheduled to receive the payment that day.
• Saputo reported quarterly revenue of C$4.42 billion and EPS of C$0.01, with a 2.80% net margin and 7.45% return on equity.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of C$47.18, compared with the stock’s recent price of C$39.39.

Saputo Inc. (TSE:SAP - Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.21 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 15th. This is a 5.0% increase from Saputo's previous quarterly dividend of $0.20.

Saputo Stock Performance

Shares of SAP stock traded down C$0.18 on Friday, reaching C$39.39. The stock had a trading volume of 417,169 shares, compared to its average volume of 933,328. Saputo has a 12 month low of C$32.49 and a 12 month high of C$45.09. The firm has a market capitalization of C$15.64 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 0.56 and a beta of 0.21. The firm's 50-day moving average is C$40.90 and its two-hundred day moving average is C$41.46. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 41.86.

Saputo (TSE:SAP - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$4.42 billion during the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. On average, research analysts expect that Saputo will post 1.7735369 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Ventum Capital lifted their price target on shares of Saputo from C$47.00 to C$48.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Jefferies Financial Group downgraded shares of Saputo from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 24th. Ventum Financial set a C$49.00 target price on shares of Saputo and gave the stock a "buy" rating in a report on Monday, August 10th. TD lifted their price target on Saputo from C$51.00 to C$53.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, TD Securities raised Saputo to a "strong-buy" rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$47.18.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.

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