Maple Leaf Foods Inc. Plans Quarterly Dividend of $0.22 (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Thursday, June 6th will be paid a dividend of 0.22 per share on Friday, June 28th. This represents a $0.88 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, June 6th.

Maple Leaf Foods Stock Up 1.5 %

Shares of Maple Leaf Foods stock traded up C$0.34 during trading on Friday, hitting C$23.73. 168,225 shares of the stock traded hands, compared to its average volume of 174,546. The firm has a market cap of C$2.91 billion, a P/E ratio of -23.04, a price-to-earnings-growth ratio of 18.07 and a beta of 0.48. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 140.69. Maple Leaf Foods has a 52-week low of C$21.52 and a 52-week high of C$31.63. The stock’s fifty day simple moving average is C$23.29 and its 200 day simple moving average is C$24.72.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$1.19 billion for the quarter. Maple Leaf Foods had a negative return on equity of 7.86% and a negative net margin of 2.57%. On average, equities analysts predict that Maple Leaf Foods will post 0.994288 earnings per share for the current fiscal year.

Analyst Ratings Changes

MFI has been the subject of a number of recent research reports. Scotiabank reduced their target price on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada decreased their target price on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Canaccord Genuity Group cut their price target on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. National Bankshares set a C$29.00 price target on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a report on Monday, April 22nd. Finally, CIBC cut their price target on shares of Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Friday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$30.07.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.