Premium Brands Holdings Corp (PBH) Declares $0.42 Quarterly Dividend

Premium Brands Holdings Corp (TSE:PBH) announced a quarterly dividend on Tuesday, November 14th, Zacks reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.42 per share on Monday, January 15th. This represents a $1.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, December 28th.

Shares of Premium Brands Holdings Corp (TSE PBH) traded down C$6.69 during trading hours on Wednesday, reaching C$95.15. 376,935 shares of the company’s stock were exchanged, compared to its average volume of 85,310. Premium Brands Holdings Corp has a 12-month low of C$63.16 and a 12-month high of C$106.00.

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PBH has been the topic of several recent research reports. National Bank Financial raised their target price on shares of Premium Brands Holdings Corp from C$105.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Scotiabank raised their target price on shares of Premium Brands Holdings Corp from C$88.00 to C$93.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reduced their target price on shares of Premium Brands Holdings Corp from C$109.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$106.00 target price on shares of Premium Brands Holdings Corp in a research note on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$82.00.

About Premium Brands Holdings Corp

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

Dividend History for Premium Brands Holdings Corp (TSE:PBH)

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