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

Maple Leaf Foods Inc (TSE:MFI) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors 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 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of MFI opened at C$24.03 on Wednesday. The company has a market cap of $3.05 billion and a PE ratio of 43.85. The company has a current ratio of 1.71, a quick ratio of 0.53 and a debt-to-equity ratio of 37.07. The stock has a 50-day moving average price of C$25.43 and a 200-day moving average price of C$29.50. Maple Leaf Foods has a 12-month low of C$21.87 and a 12-month high of C$35.82.

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

Several research analysts recently weighed in on the stock. CIBC decreased their price objective on shares of Maple Leaf Foods from C$40.00 to C$33.00 in a research report on Thursday, October 31st. Berenberg Bank reiterated a “hold” rating and set a C$24.00 target price on shares of Maple Leaf Foods in a research report on Thursday, November 14th. Finally, TD Securities dropped their target price on shares of Maple Leaf Foods from C$47.00 to C$38.00 and set an “action list buy” rating for the company in a research report on Thursday, October 31st.

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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