Premium Brands Holdings Co. Declares Quarterly Dividend of $0.70 (TSE:PBH)
Premium Brands Holdings Co. (TSE:PBH – Get Rating) announced a quarterly dividend on Friday, May 6, Zacks reports. Investors of record on Thursday, June 30 will receive a dividend of 0.70 per share on Friday, July 15. This represents an annualized dividend of $2.80 and a yield of 2.66%. The ex-date of this dividend is Wednesday, June 29.
Shares of Premium Brands opened at C$105.22 on Friday. Premium Brands has a 12-month low of C$100.41 and a 12-month high of C$137.75. The company has a market cap of C$4.71 billion and a price-to-earnings ratio of 34.61. The company has a debt ratio of 109.15, a current ratio of 2.09 and a quick ratio of 0.93. The company’s 50-day moving average price is CA$106.40 and its 200-day moving average price is CA$119.35.
Premium Brands (TSE:PBH – Get Rating) last released its results on Thursday, March 10. The company reported earnings per share of C$1.23 for the quarter, beating the consensus estimate of C$1.17 by C$0.06. The company posted revenue of C$1.35 billion in the quarter, versus a consensus estimate of C$1.27 billion. Analysts expect Premium Brands to post earnings per share of 6.5300002 for the current fiscal year.
PBH has been the subject of several research analyst reports. Scotiabank lowered its price target on Premium Brands shares from C$150.00 to C$145.00 in a Friday, March 11 research report. CIBC lowered its target price on Premium Brands shares from C$135.00 to C$120.00 and set a “neutral” rating for the company in a research report on Friday, March 11. National Bankshares lowered its price target on Premium Brands shares from C$155.00 to C$138.00 and set an “outperform” rating for the company in a Thursday, April 21 research report. BMO Capital Markets lowered its price target on Premium Brands shares from C$156.00 to C$142.00 in a Friday, March 11 research report. Finally, Desjardins reissued a “buy” rating and published a target price of C$150.00 on Premium Brands shares in a Sunday, April 17 report. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has a consensus buy rating and an average target price of C$144.00.
About Premium Brands (Get a rating)
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides meat products and snacks, deli meats, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, paninis, wraps, subs, hamburgers, burgers, muffins, breads, pastas and pastries. and sushi products, as well as processed meat products and ready meals.
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