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Diamond Estates Wines & Spirits ( (TSE:DWS) ) has shared an update.
Diamond Estates Wines & Spirits Inc. has issued 187,501 deferred share units to its non-executive directors, excluding two Lassonde Industries nominees who declined compensation, to settle $31,875 of deferred directors’ fees at a deemed price of $0.17 per unit. The DSUs, which will be settled in common shares upon directors’ retirement, underscore the company’s continued use of equity-based compensation to align board interests with long-term shareholder value while preserving cash for operations in a competitive beverage alcohol market.
The most recent analyst rating on (TSE:DWS) stock is a Buy with a C$0.30 price target. To see the full list of analyst forecasts on Diamond Estates Wines & Spirits stock, see the TSE:DWS Stock Forecast page.
More about Diamond Estates Wines & Spirits
Diamond Estates Wines & Spirits Inc. is a Canadian producer of high-quality wines and ciders and a national sales agent for more than 120 beverage alcohol brands. Operating four production facilities in Ontario and British Columbia, the company focuses largely on VQA wines under labels such as 20 Bees, Creekside, D’Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh Wines, Red Tractor, Seasons, Serenity, and Backyard Vineyards, while its Trajectory Beverage Partners division represents an extensive portfolio of international wine, spirits, beer, cider and ready-to-drink brands for retail, on-premise, and private clients across Canada.
Average Trading Volume: 91,649
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$10.99M
Learn more about DWS stock on TipRanks’ Stock Analysis page.