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

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 paid 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.

MFI stock traded down C$0.06 during trading hours on Tuesday, hitting C$24.10. The company’s stock had a trading volume of 31,675 shares, compared to its average volume of 277,582. The company has a quick ratio of 0.53, a current ratio of 1.71 and a debt-to-equity ratio of 37.07. The company has a market capitalization of $3.05 billion and a PE ratio of 44.01. Maple Leaf Foods has a 12 month low of C$21.87 and a 12 month high of C$35.81. The stock has a 50 day moving average price of C$25.52 and a two-hundred day moving average price of C$29.55.

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

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

About Maple Leaf Foods

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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