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

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Friday, December 6th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.22 per share on Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Friday, December 6th.

Maple Leaf Foods Trading Down 1.0 %

MFI traded down C$0.24 during mid-day trading on Wednesday, hitting C$23.19. The stock had a trading volume of 18,033 shares, compared to its average volume of 168,964. The stock’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 capitalization of C$2.86 billion, a price-to-earnings ratio of 260.33, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 1-year low of C$21.05 and a 1-year high of C$27.55. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54.

Insider Transactions at Maple Leaf Foods

In related news, Director Linda Mantia acquired 4,498 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of C$22.23 per share, for a total transaction of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’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. 39.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MFI. National Bankshares dropped their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities cut their price objective on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, CIBC decreased their price objective on Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$29.93.

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.