Corby Spirit and Wine Ltd (TSE:CSW.A) to Issue Dividend Increase – $0.25 Per Share

Corby Spirit and Wine Ltd (TSE:CSW.A) declared a quarterly dividend on Friday, September 11th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.25 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date 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 Price Performance

TSE CSW.A opened at C$15.50 on Wednesday. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55. The company has a market cap of C$441.27 million, a PE ratio of 13.25 and a beta of 0.11. Corby Spirit and Wine has a 1 year low of C$13.35 and a 1 year high of C$16.83. The stock’s 50-day moving average price is C$15.85 and its two-hundred day moving average price is C$15.21.

Analysts Set New Price Targets

Separately, Acumen Capital set a C$22.00 target price on Corby Spirit and Wine and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$22.00.

About Corby Spirit and Wine

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.