High Liner Foods Inc (HLF) to Issue Quarterly Dividend of $0.10 on June 15th

High Liner Foods Inc (TSE:HLF – Get Rating) declared a quarterly dividend on Wednesday, May 11th, Zacks reports. Shareholders of record on Wednesday, June 1st will be paid a dividend of 0.10 per share on Wednesday, June 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Tuesday, May 31st.

HLF opened at C$11.39 on Friday. The company has a debt-to-equity ratio of 80.05, a quick ratio of 0.50 and a current ratio of 2.17. High Liner Foods has a 52-week low of C$11.06 and a 52-week high of C$15.45. The stock has a market capitalization of C$379.63 million and a PE ratio of 7.30. The stock’s 50 day moving average price is C$12.59 and its 200-day moving average price is C$13.54.

High Liner Foods (TSE:HLF – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported C$0.33 earnings per share for the quarter. The firm had revenue of C$287.30 million for the quarter, compared to the consensus estimate of C$284.21 million. Research analysts forecast that High Liner Foods will post 1.8300001 EPS for the current fiscal year.

In other news, insider High Liner Foods Incorporated acquired 27,900 shares of High Liner Foods stock in a transaction that occurred on Thursday, March 3rd. The stock was bought at an average price of C$12.70 per share, for a total transaction of C$354,330.00. Following the completion of the transaction, the insider now owns 27,900 shares in the company, valued at C$354,330.

Several research firms have recently weighed in on HLF. Royal Bank of Canada decreased their price target on High Liner Foods from C$15.00 to C$13.00 and set a “sector perform” rating for the company in a research note on Thursday. Scotiabank decreased their price target on High Liner Foods from C$15.50 to C$14.00 in a research note on Thursday, February 24th. Finally, BMO Capital Markets cut High Liner Foods from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$16.00 to C$13.00 in a research note on Thursday, May 5th.

About High Liner Foods (Get Rating)

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.

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