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Rogers Sugar (TSE:RSI) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Rogers Sugar logo with Consumer Defensive background

Key Points

  • Rogers Sugar Inc. shares have surpassed their 200-day moving average, trading at C$5.67, which is higher than the average of C$5.58.
  • The company has announced a quarterly dividend of $0.09 per share, representing a 6.3% dividend yield and a payout ratio of 82.41%.
  • Rogers Sugar holds a market capitalization of C$723.48 million and has various products in its portfolio, including sugar and maple products.
  • Want stock alerts on Rogers Sugar? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.58 and traded as high as C$5.68. Rogers Sugar shares last traded at C$5.67, with a volume of 136,331 shares.

Rogers Sugar Stock Performance

The business has a 50-day moving average of C$5.65 and a 200 day moving average of C$5.58. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The company has a market cap of C$723.48 million, a PE ratio of 12.98 and a beta of 0.60.

Rogers Sugar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 16th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.36 annualized dividend and a dividend yield of 6.3%. Rogers Sugar's dividend payout ratio is presently 82.41%.

About Rogers Sugar

(Get Free Report)

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.

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