High Liner Foods Inc (TSE:HLF) Announces Dividend Increase – $0.17 Per Share

High Liner Foods Inc (TSE:HLF) announced a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Investors of record on Sunday, December 1st will be given a dividend of 0.17 per share on Sunday, December 15th. This represents a $0.68 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, November 29th. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15.

High Liner Foods Stock Performance

HLF traded up C$0.18 during trading on Friday, hitting C$13.37. The stock had a trading volume of 49,700 shares, compared to its average volume of 17,428. The company has a 50 day moving average price of C$13.11 and a 200-day moving average price of C$13.24. The firm has a market cap of C$400.16 million, a price-to-earnings ratio of 6.93 and a beta of 0.89. High Liner Foods has a one year low of C$10.15 and a one year high of C$14.00. The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38.

High Liner Foods (TSE:HLF) last released its earnings results on Wednesday, August 7th. The company reported C$0.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.35 by C$0.12. The firm had revenue of C$298.72 million during the quarter, compared to the consensus estimate of C$286.86 million. High Liner Foods had a return on equity of 12.18% and a net margin of 4.82%. As a group, research analysts predict that High Liner Foods will post 1.9858934 EPS for the current year.

About High Liner Foods

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.