MTY Food Group Inc (TSE:MTY) Announces $0.12 Quarterly Dividend
MTY Food Group Inc (TSE:MTY) announced a quarterly dividend on Friday, July 21st, Zacks reports. Shareholders of record on Tuesday, August 1st will be given a dividend of 0.115 per share on Tuesday, August 15th. This represents a $0.46 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, July 28th.
MTY Food Group (TSE:MTY) traded up 0.80% during mid-day trading on Thursday, reaching $47.83. 574 shares of the company’s stock were exchanged. MTY Food Group has a 52 week low of $38.70 and a 52 week high of $53.20. The company has a market capitalization of $1.02 billion and a P/E ratio of 16.06. The company’s 50 day moving average price is $46.18 and its 200-day moving average price is $48.06.
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Several brokerages have recently commented on MTY. Scotiabank upped their target price on MTY Food Group from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a report on Tuesday, July 11th. National Bank Financial raised MTY Food Group from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Monday, April 10th. Finally, TD Securities reduced their target price on MTY Food Group from C$48.00 to C$46.00 and set a “hold” rating for the company in a report on Tuesday, July 11th.
About MTY Food Group
MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.
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