Saputo Inc. (SAP) Plans Quarterly Dividend of C$0.15
Saputo Inc. (TSE:SAP) declared a quarterly dividend on Friday, December 2nd. Shareholders of record on Friday, December 16th will be paid a dividend of 0.15 per share on Friday, December 16th. This represents a $0.60 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, December 2nd.
Saputo (TSE:SAP) opened at 45.43 on Thursday. Saputo has a 12 month low of $30.60 and a 12 month high of $48.69. The firm has a 50-day moving average of $46.73 and a 200 day moving average of $42.74. The firm has a market capitalization of $17.82 billion and a PE ratio of 26.57.
A number of equities analysts have recently commented on the stock. Scotiabank raised their price objective on shares of Saputo from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. Royal Bank Of Canada raised their price objective on shares of Saputo from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Thursday, September 15th. TD Securities upgraded shares of Saputo from a “hold” rating to a “buy” rating and raised their price objective for the company from C$42.00 to C$45.00 in a research report on Wednesday, August 3rd. CIBC raised their price objective on shares of Saputo from C$44.00 to C$45.00 in a research report on Wednesday, August 3rd. Finally, Desjardins restated a “hold” rating and issued a C$46.00 price objective on shares of Saputo in a research report on Thursday, September 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$48.86.
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Saputo Company Profile
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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