Rogers Sugar (TSE:RSI) Share Price Crosses Above 200-Day Moving Average - What's Next?

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.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Rogers Sugar Price Performance

The company's fifty day moving average price is C$5.66 and its 200 day moving average price is C$5.58. The company has a market capitalization of C$729.86 million, a P/E ratio of 13.09 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.39 and a debt-to-equity ratio of 104.41.

Rogers Sugar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 16th were issued a dividend of $0.09 per share. The ex-dividend date 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 currently 82.41%.

About Rogers Sugar

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.