Corby Spirit and Wine Ltd (TSE:CSW.A – Get Free Report) declared a quarterly dividend on Friday, September 11th. Stockholders of record on Friday, September 25th will be given a dividend of 0.25 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, September 11th. This is a 4.2% increase from Corby Spirit and Wine’s previous quarterly dividend of $0.24.
Corby Spirit and Wine Stock Performance
TSE:CSW.A opened at C$15.50 on Wednesday. The company has a market capitalization of C$441.27 million, a P/E ratio of 13.25 and a beta of 0.11. The business has a fifty day simple moving average of C$15.85 and a two-hundred day simple moving average of C$15.21. The company has a debt-to-equity ratio of 77.55, a current ratio of 2.34 and a quick ratio of 1.77. Corby Spirit and Wine has a 1 year low of C$13.35 and a 1 year high of C$16.83.
Analysts Set New Price Targets
Separately, Acumen Capital set a C$22.00 price objective on Corby Spirit and Wine and gave the company a “buy” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$22.00.
Corby Spirit and Wine Company Profile
Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions.
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