Saputo Inc. (TSE:SAP) Declares Dividend Increase – $0.21 Per Share

Saputo Inc. (TSE:SAP) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Friday, September 25th will be given 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 of this dividend is Tuesday, September 15th. This is a 5.0% increase from Saputo’s previous quarterly dividend of $0.20.

Saputo Price Performance

Shares of TSE SAP traded down C$0.18 during mid-day trading on Friday, reaching C$39.39. The company’s stock had a trading volume of 417,169 shares, compared to its average volume of 933,328. The stock has a 50-day moving average of C$40.90 and a two-hundred day moving average of C$41.46. The stock has a market capitalization of C$15.64 billion, a P/E ratio of 31.77, a P/E/G ratio of 0.56 and a beta of 0.21. The company has a debt-to-equity ratio of 41.86, a quick ratio of 0.67 and a current ratio of 1.51. Saputo has a 1-year low of C$32.49 and a 1-year high of C$45.09.

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

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.