Saputo Inc. (SAP) to Distribute Quarterly Dividend of $0.21 on September 25th

Saputo Inc. (TSE:SAP) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Friday, September 25th will be paid a dividend of 0.21 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, September 15th. This is a 5.0% increase from Saputo’s previous quarterly dividend of $0.20.

Saputo Stock Performance

SAP stock traded down C$0.18 during midday trading on Friday, reaching C$39.39. 417,169 shares of the company’s stock traded hands, compared to its average volume of 933,328. The firm has a market capitalization of C$15.64 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 0.56 and a beta of 0.21. The company has a 50-day moving average price of C$40.90 and a two-hundred day moving average price of C$41.46. Saputo has a 52 week low of C$32.49 and a 52 week high of C$45.09. 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 (TSE:SAP) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%.The company had revenue of C$4.42 billion for the quarter. As a group, equities analysts anticipate that Saputo will post 1.7735369 EPS for the current year.

Insider Buying and Selling

In other news, Director Steven Michael Douglas acquired 3,875 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of C$41.01 per share, with a total value of C$158,913.75. Following the transaction, the director owned 16,792 shares of the company’s stock, valued at C$688,639.92. This trade represents a 30.00% increase in their position. Also, insider Martin Gagnon sold 12,926 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$41.99, for a total transaction of C$542,762.74. Following the sale, the insider owned 31,362 shares of the company’s stock, valued at approximately C$1,316,890.38. This represents a 29.19% decrease in their ownership of the stock. In the last 90 days, insiders sold 135,989 shares of company stock valued at $5,696,914. 40.45% of the stock is owned by company insiders.

Saputo Company Profile

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.