Saputo Inc. (TSE:SAP) Plans Dividend Increase - $0.20 Per Share

Key Points

• Saputo Inc. has announced a quarterly dividend increase to $0.20 per share, representing a 5.3% increase from the previous dividend of $0.19.
• The ex-dividend date is set for September 2nd, with investors of record receiving the dividend on September 12th.
• The company has a current market cap of C$14.30 billion and a P/E ratio of -101.12, indicating a unique market position.

Saputo Inc. (TSE:SAP - Get Free Report) declared a quarterly dividend on Tuesday, September 2nd, TickerTech Dividends reports. Shareholders of record on Friday, September 12th will be given a dividend of 0.20 per share on Friday, September 12th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. This is a 5.3% increase from Saputo's previous quarterly dividend of $0.19.

Saputo Stock Up 1.3%

Shares of TSE:SAP traded up C$0.45 during trading hours on Wednesday, reaching C$34.05. The stock had a trading volume of 401,031 shares, compared to its average volume of 690,493. The firm's 50 day moving average is C$30.07 and its 200-day moving average is C$27.29. Saputo has a 1 year low of C$22.59 and a 1 year high of C$34.50. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The stock has a market capitalization of C$14.16 billion, a price-to-earnings ratio of -100.15, a P/E/G ratio of 0.56 and a beta of -0.09.

About Saputo

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.