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  5. RSI: I looked at this company many years ago and was intrigued by the dividend. [Rogers Sugar Inc.]
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Q: I looked at this company many years ago and was intrigued by the dividend... And the fact of who doesn't like or need sugar...!

- Never did pull the trigger to buy...
- Recently read some news and now back on the radar...

- What are your thoughts near and long term?

- Is it a safe dividend play to pack away ?

Thanks
Asked by michael on August 24, 2023
5i Research Answer:

RSI is cheap at 12X earnings, with a 6.45% dividend. But there is not much growth. Earnings this year will be barely above the level of 10 years ago (per share). The dividend has not been raised since 2012. Payout ratio is close to 100%. Debt is high, at more than 10X cash flow. The stock has gone nowhere in 15 years. 2Q earnings missed both sales and earnings estimates. We do not see much excitement here nor have much interest. 

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