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

Maple Leaf Foods Inc. (TSE:MFI) announced a quarterly dividend on Friday, December 6th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.22 per share on Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, December 6th.

Maple Leaf Foods Stock Down 0.6 %

Maple Leaf Foods stock traded down C$0.13 on Wednesday, hitting C$23.30. 6,358 shares of the stock traded hands, compared to its average volume of 168,956. The business’s fifty day simple moving average is C$22.24 and its 200 day simple moving average is C$22.91. The firm has a market cap of C$2.87 billion, a P/E ratio of 260.33, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. Maple Leaf Foods has a 1 year low of C$21.05 and a 1 year high of C$27.55.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MFI. CIBC cut their price objective on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. National Bankshares cut their price target on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. Finally, TD Securities lowered their price objective on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$29.93.

Insider Activity

In other Maple Leaf Foods news, Director Linda Mantia purchased 4,498 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of C$22.23 per share, with a total value of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. Corporate insiders own 39.87% of the company’s stock.

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.