Corby Spirit and Wine (TSE:CSW.A) Announces Earnings Results

Corby Spirit and Wine (TSE:CSW.A) announced its earnings results on Wednesday. The company reported C$0.46 EPS for the quarter, FiscalAI reports. The firm had revenue of C$72.49 million for the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%.

Corby Spirit and Wine Stock Performance

TSE:CSW.A traded up C$0.05 during mid-day trading on Wednesday, hitting C$15.96. 4,934 shares of the company’s stock traded hands, compared to its average volume of 14,887. The firm has a market capitalization of C$454.37 million, a price-to-earnings ratio of 13.64 and a beta of -0.13. The firm has a 50 day moving average of C$15.49 and a two-hundred day moving average of C$15.19. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55. Corby Spirit and Wine has a 12 month low of C$13.57 and a 12 month high of C$16.83.

Corby Spirit and Wine Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 6.3%. This is a boost from Corby Spirit and Wine’s previous quarterly dividend of $0.24. Corby Spirit and Wine’s payout ratio is presently 80.34%.

About Corby Spirit and Wine

Corby Spirit and Wine Limited (‘Corby’) is a leading Canadian manufacturer, marketer and distributor of spirits, wines and ready-to-drink beverages. Corby’s portfolio of owned-brands includes some of the most renowned brands in Canada, including J.P. Wiser’s, Lot 40, and Pike Creek Canadian whiskies, Polar Ice vodka, Lamb’s rum, and McGuinness liqueurs, Cottage Springs and Nude ready-to-drink beverages, as well as Ungava gin, Cabot Trail maple-based liqueurs, and Foreign Affair wines. Pernod Ricard S.A. indirectly owns in excess of 50% of Corby’s issued and outstanding voting common shares and is considered to be Corby’s ultimate parent.