Recipe Unlimited Corp. raises dividend by 5%, reports profit down - News Summed Up

Recipe Unlimited Corp. raises dividend by 5%, reports profit down


- Recipe Unlimited Corp. raised its dividend five per cent as its profit fell in its most recent quarter, hurt by restructuring and other costs. Recipe Unlimited Corp. raised its dividend five per cent as its profit fell more than 60 per cent in its most recent quarter. ( Nathan Denette / THE CANADIAN PRESS )On an adjusted basis, the company says it earned $34.9 million or 54 cents per diluted share, down from $36.3 million or 59 cents per diluted share. Analysts had expected adjusted earnings of 48 cents per share, according to Thomson Reuters Eikon. Article Continued BelowThe company says it will now pay a quarterly dividend of about 11.21 cents per common share, up from 10.68 cents.


Source: thestar March 07, 2019 16:18 UTC



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