High Liner Foods (TSE:HLF) Hits New 1-Year High – Here’s What Happened

High Liner Foods Inc (TSE:HLF) reached a new 52-week high on Tuesday . The stock traded as high as C$15.79 and last traded at C$15.69, with a volume of 40849 shares trading hands. The stock had previously closed at C$15.45.

High Liner Foods Stock Performance

The firm has a fifty day simple moving average of C$13.59 and a 200 day simple moving average of C$13.40. The company has a current ratio of 2.88, a quick ratio of 0.38 and a debt-to-equity ratio of 61.80. The stock has a market cap of C$469.90 million, a price-to-earnings ratio of 8.01 and a beta of 0.89.

High Liner Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a dividend of $0.17 per share. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, November 29th. High Liner Foods’s payout ratio is 31.09%.

High Liner Foods Company Profile

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.