07:57:41 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Andrew Peller Ltd
Symbol ADW
Shares Issued 11,293,829
Close 2015-10-06 C$ 17.80
Market Cap C$ 201,030,156
Recent Sedar Documents

Successful Inv refreshes Peller buy

2015-10-06 20:57 ET - In the News

The Successful Investor, in its October, 2015, issue, refreshes its buy of Andrew Peller Ltd., recently $18. The Investor said buy 24 times from October, 1998, to July, 2015, at prices ranging from $7.30 to $26 (the stock split 3 for 1 on Oct. 27, 2006). Assuming an investment of $1,000 for each of the 24 buys, the $24,000 position would now be worth $54,936. Peller is the second-largest producer of wines in Canada, after Constellation Brands. The company continues to successfully launch new premium-priced brands of wine. In the fiscal 2016 first quarter ended June 30, 2015, Peller's sales rose to $83.1-million from $79.5-million a year earlier. Earnings increased to $6.7-million, or 48 cents a share, in the latest quarter, from $4-million, or 29 cents a share, in the same period last year. The winemaker has increased its quarterly dividend to 11.25 cents a share from 10.5 cents a share. The new annual rate of 45 cents a share is now a 2.5-per-cent yield. Peller has now increased its dividend rate seven times in the past nine years. The stock continues to be a buy.

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