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

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 3.78%. The ex-dividend date is Friday, December 6th.

Maple Leaf Foods Trading Down 0.6 %

Maple Leaf Foods stock traded down C$0.13 during mid-day trading on Wednesday, hitting C$23.30. 6,358 shares of the company’s stock were exchanged, compared to its average volume of 168,956. The company’s 50 day simple moving average is C$22.24 and its 200-day simple moving average is C$22.91. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. The firm has a market capitalization of C$2.87 billion, a P/E ratio of 260.33, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a fifty-two week low of C$21.05 and a fifty-two week high of C$27.55.

Wall Street Analysts Forecast Growth

MFI has been the topic of a number of recent analyst reports. National Bankshares lowered their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. CIBC dropped their price objective on Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Finally, TD Securities decreased their target price 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. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$29.93.

Insider Transactions at Maple Leaf Foods

In other Maple Leaf Foods news, Director Linda Mantia acquired 4,498 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price 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 stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. 39.87% of the stock is owned by insiders.

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.