Topic: How To Invest

Dividend Advisor Hotline – Friday, June 21, 2019

Article Excerpt

ANDREW PELLER LTD., $13.92, Toronto symbol ADW.A, is Canada’s second-largest producer of wines, after Constellation Brands. Peller will raise its quarterly dividend by 4.9%, starting with the July 2019 payment. Investors will then receive $0.05375 a share, up from $0.05125. The new annual rate of $0.215 yields 1.5%. Meantime, the company’s sales for the fiscal 2019 fourth quarter, ended March 31, 2019, slipped 0.05%, to $79.78 million from $79.82 million a year earlier. That’s due to stronger competition from cheaper, imported wines and weaker demand in Western Canada. Peller earned $1.5 million, or $0.03 a share, in the quarter. That beat the consensus estimate of $0.02 a share. A year earlier, it lost $1.7 million, or $0.04 a share. The improved earnings are mainly due to ongoing cost controls and savings from recent acquisitions. The company has paid dividends since 1979. It has also increased the annual rate by an average 9.0% each year for the past five years. The stock has an Above…

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