Maple Leaf Foods Inc. (MFI) to Issue Quarterly Dividend of $0.24 on March 31st

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.24 per share on Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.22.

Maple Leaf Foods Price Performance

Shares of MFI traded up C$0.43 on Wednesday, reaching C$25.05. The stock had a trading volume of 35,467 shares, compared to its average volume of 240,709. Maple Leaf Foods has a twelve month low of C$19.61 and a twelve month high of C$26.10. The firm has a market capitalization of C$3.14 billion, a PE ratio of 92.45, a PEG ratio of 18.07 and a beta of 0.47. The firm has a 50-day moving average of C$21.62 and a 200 day moving average of C$22.00. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MFI. TD Securities dropped their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada boosted their price target on Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. CIBC raised their price objective on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. National Bankshares boosted their target price on Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Monday, January 13th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$31.08.

About Maple Leaf Foods

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.