Maple Leaf Foods Inc. Plans Quarterly Dividend of C$0.04 (MFI)
Maple Leaf Foods (TSE:MFI) announced a Quarterly dividend on Wednesday, September 3rd, Analyst Ratings News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.04 per share on Tuesday, September 30th. This represents a dividend yield of 0.79%. The ex-dividend date is Wednesday, September 3rd.
A number of research firms have recently commented on MFI. Analysts at CIBC downgraded shares of Maple Leaf Foods from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 1st. They now have a C$21.00 price target on the stock, down previously from C$22.00. Analysts at RBC Capital raised their price target on shares of Maple Leaf Foods from C$18.00 to C$21.00 in a research note on Thursday, July 24th. They now have a “sector perform” rating on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$19.17.
Maple Leaf Foods (TSE:MFI) opened at 20.41 on Wednesday. Maple Leaf Foods has a 52 week low of $12.76 and a 52 week high of $20.81. The stock’s 50-day moving average is $19.95 and its 200-day moving average is $18.3. The company has a market cap of $2.872 billion and a price-to-earnings ratio of 2.22.
Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Friday, August 1st. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.01. On average, analysts predict that Maple Leaf Foods will post $-0.36 earnings per share for the current fiscal year.
Maple Leaf Foods Inc, is a Canada-based meat, meals and bakery company. It has operations in Canada, the United States, Europe and Asia.
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