High Liner Foods (TSE:HLF) Sets New 52-Week High – Time to Buy?

High Liner Foods Inc (TSE:HLF)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$15.58 and last traded at C$15.42, with a volume of 10479 shares traded. The stock had previously closed at C$15.55.

High Liner Foods Trading Down 1.5 %

The business has a fifty day moving average of C$13.41 and a 200-day moving average of C$13.34. The company has a debt-to-equity ratio of 61.80, a quick ratio of 0.38 and a current ratio of 2.88. The company has a market capitalization of C$458.23 million, a P/E ratio of 8.06 and a beta of 0.89.

High Liner Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.44%. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, November 29th. High Liner Foods’s dividend payout ratio (DPR) is 31.09%.

About High Liner Foods

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.