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

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Friday, December 6th,TickerTech Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.22 per share on Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, December 6th.

Maple Leaf Foods Trading Up 3.7 %

TSE:MFI opened at C$23.43 on Wednesday. Maple Leaf Foods has a 1 year low of C$21.05 and a 1 year high of C$27.55. The stock has a market cap of C$2.88 billion, a price-to-earnings ratio of 260.33, a PEG ratio of 18.07 and a beta of 0.47. The business has a fifty day moving average of C$22.24 and a 200-day moving average of C$22.91. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Linda Mantia purchased 4,498 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$22.23 per share, with a total value of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the firm’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. Company insiders own 39.87% of the company’s stock.

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.