Maple Leaf Foods Inc. (MFI) to Issue Quarterly Dividend of $0.20 on September 29th

Maple Leaf Foods Inc. (TSE:MFIGet Rating) declared a quarterly dividend on Wednesday, August 3rd, Zacks reports. Shareholders of record on Thursday, September 8th will be given a dividend of 0.20 per share on Thursday, September 29th. This represents a $0.80 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, September 7th.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock traded down C$0.63 during mid-day trading on Friday, reaching C$21.70. 451,186 shares of the company were exchanged, compared to its average volume of 247,170. Maple Leaf Foods has a 12 month low of C$21.60 and a 12 month high of C$32.60. The company has a fifty day simple moving average of C$26.25 and a 200-day simple moving average of C$28.13. The company has a debt-to-equity ratio of 73.88, a current ratio of 1.55 and a quick ratio of 0.48. The firm has a market cap of C$2.71 billion and a PE ratio of 39.53.

Maple Leaf Foods (TSE:MFIGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$1.13 billion during the quarter. As a group, equities research analysts expect that Maple Leaf Foods will post 2.2000002 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank decreased their price target on Maple Leaf Foods from C$42.00 to C$40.00 in a research note on Tuesday, July 19th. Royal Bank of Canada cut their price objective on Maple Leaf Foods from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a report on Thursday, April 28th.

Insiders Place Their Bets

In other news, Senior Officer Curtis Eugene Frank acquired 3,218 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The shares were acquired at an average price of C$25.32 per share, for a total transaction of C$81,479.76. Following the completion of the purchase, the insider now owns 3,218 shares in the company, valued at C$81,479.76. In other news, Senior Officer Curtis Eugene Frank bought 3,218 shares of Maple Leaf Foods stock in a transaction that occurred on Thursday, June 30th. The shares were acquired at an average price of C$25.32 per share, with a total value of C$81,479.76. Following the completion of the purchase, the insider now directly owns 3,218 shares in the company, valued at C$81,479.76. Also, Senior Officer Bentley Andrew Brooks sold 9,997 shares of the firm’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of C$27.40, for a total value of C$273,917.80. Following the transaction, the insider now directly owns 21,973 shares in the company, valued at C$602,060.20.

Maple Leaf Foods Company Profile

(Get Rating)

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, fresh pork and poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Swift, Prime, Maple Leaf Natural Selections, Mina, Big Stick, Cappola, Deli Express, Field Roast Grain Meat Co, Holiday, Hygrade, Larsen, Lightlife, Lunch Mate, Main Street Deli, Maple Leaf Foodservice, Mitchell's, Olympic Craft Meats, Parma, Shopsy's, Sunrise, and Swift.

Read More

Dividend History for Maple Leaf Foods (TSE:MFI)

Receive News & Ratings for Maple Leaf Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maple Leaf Foods and related companies with MarketBeat.com's FREE daily email newsletter.