Premium Brands Holdings Corp (PBH) Announces Dividend Increase – $0.42 Per Share

Premium Brands Holdings Corp (TSE:PBH) announced a quarterly dividend on Monday, July 31st, Zacks reports. Investors of record on Friday, June 30th will be given a dividend of 0.42 per share on Monday, July 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, June 28th. This is a positive change from Premium Brands Holdings Corp’s previous quarterly dividend of $0.31.

Shares of Premium Brands Holdings Corp (PBH) opened at 99.35 on Friday. Premium Brands Holdings Corp has a 1-year low of $59.12 and a 1-year high of $102.01. The firm has a market cap of $2.97 billion and a price-to-earnings ratio of 35.61. The company’s 50 day moving average price is $92.63 and its 200-day moving average price is $85.28.

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A number of brokerages recently issued reports on PBH. Scotiabank lifted their target price on Premium Brands Holdings Corp from C$78.00 to C$90.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 16th. TD Securities lifted their target price on Premium Brands Holdings Corp from C$90.00 to C$92.00 and gave the stock a “hold” rating in a report on Tuesday, May 16th. BMO Capital Markets lifted their price target on Premium Brands Holdings Corp from C$83.00 to C$95.00 in a report on Tuesday, May 16th. National Bank Financial lifted their price target on Premium Brands Holdings Corp from C$105.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Royal Bank Of Canada lowered their price target on Premium Brands Holdings Corp from C$109.00 to C$11.00 and set an “outperform” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Premium Brands Holdings Corp has an average rating of “Hold” and an average price target of C$79.29.

In other news, Director John Zaplatynsky acquired 275 shares of Premium Brands Holdings Corp stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of C$99.60 per share, with a total value of C$27,390.00. Also, Director John Stephen Beliveau sold 1,500 shares of Premium Brands Holdings Corp stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$99.80, for a total value of C$149,700.00.

Premium Brands Holdings Corp Company Profile

Premium Brands Holdings Corporation manufactures and distributes food products in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal products, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini products, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

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

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