Maple Leaf Foods Inc. (TSE:MFI) Raises Dividend to $0.24 Per Share

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 3.84%. 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 Price Performance

Shares of TSE:MFI traded up C$0.40 during trading on Wednesday, reaching C$25.02. The stock had a trading volume of 44,367 shares, compared to its average volume of 240,954. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The stock has a market capitalization of C$3.13 billion, a PE ratio of 92.33, a P/E/G 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. Maple Leaf Foods has a 52 week low of C$19.61 and a 52 week high of C$26.10.

Analyst Ratings Changes

A number of research analysts recently issued reports on MFI shares. National Bankshares lifted their price target on Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. CIBC boosted their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group increased 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 research note on Monday, January 13th. 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 report on Thursday, November 14th. Finally, Royal Bank of Canada increased their price objective 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average 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.