Saputo Inc. (SAP) to Issue Quarterly Dividend of C$0.15 on December 16th
Saputo Inc. (TSE:SAP) declared a quarterly dividend on Friday, December 2nd. Investors of record on Friday, December 16th will be given a dividend of 0.15 per share on Friday, December 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, December 2nd.
Saputo (TSE:SAP) opened at 45.43 on Thursday. The company has a 50 day moving average price of $46.73 and a 200 day moving average price of $42.74. Saputo has a 52-week low of $30.60 and a 52-week high of $48.69. The firm has a market capitalization of $17.82 billion and a P/E ratio of 26.57.
Several equities analysts recently issued reports on SAP shares. Scotiabank upped 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 note on Monday, November 7th. Royal Bank Of Canada increased their price target on shares of Saputo from C$45.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 15th. TD Securities raised shares of Saputo from a “hold” rating to a “buy” rating and increased their price target for the stock from C$42.00 to C$45.00 in a research note on Wednesday, August 3rd. CIBC increased their price target on shares of Saputo from C$44.00 to C$45.00 in a research note on Wednesday, August 3rd. Finally, Desjardins reaffirmed a “hold” rating and set a C$46.00 price target on shares of Saputo in a research note on Thursday, September 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Saputo currently has a consensus rating of “Hold” and a consensus price target 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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