Maple Leaf Foods Inc Announces Quarterly Dividend of $0.16 (TSE:MFI)

Maple Leaf Foods Inc (TSE:MFI) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Monday, September 7th will be given a dividend of 0.16 per share on Wednesday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, September 3rd.

TSE MFI traded up C$0.40 during trading on Friday, reaching C$29.62. 107,355 shares of the company traded hands, compared to its average volume of 338,668. Maple Leaf Foods has a 1-year low of C$17.04 and a 1-year high of C$35.81. The company has a market cap of $3.62 billion and a price-to-earnings ratio of 172.90. The stock’s 50 day moving average price is C$28.16 and its two-hundred day moving average price is C$25.70. The company has a debt-to-equity ratio of 52.71, a quick ratio of 0.60 and a current ratio of 1.77.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Wednesday, April 29th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$1.02 billion for the quarter. Equities research analysts expect that Maple Leaf Foods will post 1.19 EPS for the current fiscal year.

In related news, Senior Officer Michael Ross Rawle acquired 1,355 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of C$26.28 per share, for a total transaction of C$35,602.63.

A number of brokerages have issued reports on MFI. BMO Capital Markets lifted their price objective on Maple Leaf Foods from C$26.00 to C$30.00 in a report on Friday, June 26th. Berenberg Bank boosted their price target on shares of Maple Leaf Foods from C$25.00 to C$27.00 in a research report on Friday, April 17th. Canaccord Genuity raised their price objective on shares of Maple Leaf Foods from C$36.00 to C$39.00 in a report on Thursday, April 30th. Scotiabank lifted their target price on shares of Maple Leaf Foods from C$32.50 to C$33.00 in a research note on Thursday, April 30th. Finally, CIBC increased their price target on Maple Leaf Foods from C$31.00 to C$32.00 in a research report on Monday, April 13th.

Maple Leaf Foods Company Profile

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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