Maple Leaf Foods Inc. (TSE:MFI) Announces Quarterly Dividend of $0.24

Maple Leaf Foods Inc. (TSE:MFI) announced a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Investors 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 3.82%. The ex-dividend date is Friday, March 7th. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.22.

Maple Leaf Foods Stock Performance

TSE MFI traded up C$0.48 on Wednesday, reaching C$25.10. The stock had a trading volume of 20,855 shares, compared to its average volume of 240,332. The stock has a market cap of C$3.14 billion, a P/E ratio of 92.63, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The business’s 50-day moving average price is C$21.62 and its 200 day moving average price is C$22.00. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. Maple Leaf Foods has a 12-month low of C$19.61 and a 12-month high of C$26.10.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MFI shares. Royal Bank of Canada lifted their price objective on Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Monday, January 13th. National Bankshares boosted their price objective on shares of 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. CIBC increased their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, TD Securities decreased 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 note on Thursday, November 14th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$31.08.

Maple Leaf Foods Company Profile

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.