RE:Screaming Deal? - Buy A shares or B shares@schocor Earnings looked solid. Revenues only down 3%. Another 0.20 dividend approved. This is a cash cow even with the virus, and a buyout by Pernod would makes sense (although I would prefer it not happen until there's a recovery and stock price is higher). As far as Class A or B, why pay more? It's not like voting matters for the common shareholder. I'm in the B shares for higher yield.
>>>TORONTO, Aug. 26, 2020 /CNW/ - Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B) today reported its financial results for the fourth quarter and year ended June 30, 2020. The Corby Board of Directors today also declared a dividend of $0.20 per share payable on September 30, 2020 on the Voting Class A Common Shares and Non-Voting Class B Common Shares of the Company to shareholders of record as at the close of business on September 16, 2020. Net earnings of $26.7 million (or $0.94 per share) reflect an increase of 4%, or $1.0 million for the year ended June 30, 2020, when compared to the same period last year. Revenue for the year grew 2% due to the strong performance of key Corby-owned brands in both domestic and certain export markets, as well as improved commissions from represented brands. Our brands and those that we represent remained resilient during the months of COVID-19 social distancing, though certain portfolio challenges arose from COVID-19 pandemic related closures of certain on-premise channels. Net earnings of $7.2 million (or $0.25 per share) were reported for the three-month period ended June 30, 2020, reflecting a decrease of 8%, $0.6 million (or $0.02 per share) when compared to the same quarter in the prior year. Revenue for the fourth quarter decreased 3%, following strong third quarter sales resulting from shifts in pandemic-related consumer purchasing trends.
https://corby.ca/en/news/article/?id=137343