I do not own this stock of Rogers Sugar Inc (TSX-RSI, OTC-RSGUF). This stock was brought to my attention by Dividend Ninja. This company used to be money Trust (TSX-RSI.UN) but it’s been changed into a company. On its change to a corporation, it lowered its dividend. ONCE I was upgrading my spreadsheet, I noticed that they have finally become their Dividend Payout Ratio for EPS under 100%. For 2018 it was 84% with 5-year coverage at 97%. There is still insider buying. The financial year ends at September 30 every year.
This stock used to be an income trust. Income Trust shares had much higher dividends that other stocks, and shares plus they also paid all they could in dividends. The current dividend yield is great at 6.57%. If they became a company, they reduced their dividends by 30% in 2011 and then kept their dividends toned.
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Analysts do not see any increase in dividends over another 2 yrs. Problem has been that their cash flow weren’t covering their dividends. EPS has been volatile and they have never made much progress in growing their EPS. When they were money trust, the rules were different on what the ongoing company could afford in dividends.
Then dividends (or distributions) were measured against Adjusted Funds from Operations (AFFO). Now the company’s dividends are compared to the EPS to find out if they are able their dividends. There is absolutely no good coverage of dividends by cash and earnings flow. There has been after some duration plus the financial year of 2018, when the company could cover the dividends with earnings. Analysts expect dividends to be included in EPS in the years ahead.
The dividends are not well covered by CFPS. Debt Ratios are fine. Per year is shown below for years of 5 to 21 to the end of 2018 The Total Return. Beneath the Capital Gain column is the portion of the total full Return due to capital gains. Under the Dividend column is the part of the Total Return due to dividends.
As you can see from the table, the majority of the return is in dividends (distributions). Capital gain is non-existent to surprisingly low. The problem with the long term of 20 and 21 years is that the stock price transpired after the stock was initially issued. Going forward, I do believe that there will continue to be low growth in capital gains, but dividends will be lower as the company is no more money trust. Years Div. Gth Tot Ret Cap Gain Div.
0.45. This stock price assessment shows that the stock price is relatively cheap. 5.48. This stock price assessment suggests that the stock price is relatively cheap. 5.48. The current ratio is 9% below the 10 12 months ratio. This stock price screening suggests that the stock price is affordable and below the median relatively. 5.48. The current yield is most importantly the yields aside from the historical one.