Maple Leaf Foods Inc (TSE:MFI) Announces $0.15 Quarterly Dividend

Maple Leaf Foods Inc (TSE:MFI) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.145 per share on Tuesday, December 31st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, December 5th.

MFI opened at C$24.16 on Tuesday. The business has a 50 day simple moving average of C$25.52 and a two-hundred day simple moving average of C$29.55. The firm has a market capitalization of $3.05 billion and a price-to-earnings ratio of 44.09. The company has a debt-to-equity ratio of 37.07, a current ratio of 1.71 and a quick ratio of 0.53. Maple Leaf Foods has a one year low of C$21.87 and a one year high of C$35.81.

MFI has been the topic of a number of recent analyst reports. CIBC cut their price objective on Maple Leaf Foods from C$40.00 to C$33.00 in a research report on Thursday, October 31st. TD Securities decreased their target price on Maple Leaf Foods from C$47.00 to C$38.00 and set an “action list buy” rating for the company in a report on Thursday, October 31st. Finally, Berenberg Bank restated a “hold” rating and set a C$24.00 target price on shares of Maple Leaf Foods in a report on Thursday, November 14th.

In other news, Senior Officer Deborah Keenan Simpson sold 34,200 shares of Maple Leaf Foods stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$30.86, for a total transaction of C$1,055,442.78. Following the sale, the insider now owns 110,920 shares of the company’s stock, valued at approximately C$3,423,091.03.

About Maple Leaf Foods

Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co, Lightlife, Field Roast Grain Meat Co, and Swift.

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Dividend History for Maple Leaf Foods (TSE:MFI)

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