Corby Spirit and Wine (TSE:CSW.A) Issues Earnings Results

Corby Spirit and Wine (TSE:CSW.A) released its quarterly earnings results on Wednesday. The company reported C$0.46 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$72.49 million during the quarter. Corby Spirit and Wine had a return on equity of 13.22% and a net margin of 10.41%.

Corby Spirit and Wine Stock Up 0.8%

Corby Spirit and Wine stock opened at C$16.08 on Friday. The stock has a market cap of C$457.78 million, a price-to-earnings ratio of 13.74 and a beta of -0.13. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55. The company’s 50-day moving average price is C$15.50 and its two-hundred day moving average price is C$15.20. Corby Spirit and Wine has a 52 week low of C$13.57 and a 52 week high of C$16.83.

Corby Spirit and Wine Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a $0.25 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 6.2%. This is a boost from Corby Spirit and Wine’s previous quarterly dividend of $0.24. Corby Spirit and Wine’s payout ratio is currently 80.34%.

Corby Spirit and Wine Company Profile

Corby Spirit and Wine Limited (‘Corby’) is a leading Canadian manufacturer, marketer and distributor of spirits, wines and ready-to-drink beverages. Corby’s portfolio of owned-brands includes some of the most renowned brands in Canada, including J.P. Wiser’s, Lot 40, and Pike Creek Canadian whiskies, Polar Ice vodka, Lamb’s rum, and McGuinness liqueurs, Cottage Springs and Nude ready-to-drink beverages, as well as Ungava gin, Cabot Trail maple-based liqueurs, and Foreign Affair wines. Pernod Ricard S.A. indirectly owns in excess of 50% of Corby’s issued and outstanding voting common shares and is considered to be Corby’s ultimate parent.