Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B) today announced that its subsidiary, Ace Beverage Group Inc. ("Ace Beverage Group" or "ABG"), has signed a definitive agreement to acquire the Nude ready-to-drink ("RTD") brand and certain assets of MXM Beverages Ltd. ("MXM") for $11 million, which will be funded using available financing from ABG's existing credit facility (the "Transaction").
Corby Spirit and Wine Limited (TSX: CSW.A) (TSX: CSW.B), announced today that it will be participating in a live Virtual Non-Deal Roadshow to discuss its current investor presentation on Friday, April 19, 2024, at 1:00 PM EST. Corby welcomes stakeholders, investors, and other individual followers to register and attend this live event.
Dividend-paying stocks are often sought after for their potential to provide investors with a steady stream of income. However, high payout ratios, such as those seen with Corby Spirit and Wine, raise important questions about the sustainability of these dividends. In this context, understanding the balance between attractive yields and financial health is crucial for investors looking to make informed decisions.