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

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Friday, December 6th,TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, December 6th.

Maple Leaf Foods Stock Performance

Maple Leaf Foods stock opened at C$23.43 on Wednesday. The stock has a market cap of C$2.88 billion, a P/E ratio of 260.33, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The stock has a 50 day moving average of C$22.24 and a 200-day moving average of C$22.91. Maple Leaf Foods has a 52 week low of C$21.05 and a 52 week high of C$27.55.

Wall Street Analyst Weigh In

MFI has been the subject of several research analyst reports. National Bankshares reduced their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities dropped their price target on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, CIBC dropped their price target on Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$29.93.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Linda Mantia purchased 4,498 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was 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 value of C$55,198.00. 39.87% of the stock is owned by corporate 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.