High Liner Foods (TSE:HLF) Hits New 52-Week High – Here’s Why

High Liner Foods Inc (TSE:HLF) shares reached a new 52-week high on Monday . The stock traded as high as C$15.84 and last traded at C$15.81, with a volume of 9439 shares changing hands. The stock had previously closed at C$15.71.

High Liner Foods Trading Up 0.5 %

The company has a quick ratio of 0.38, a current ratio of 2.88 and a debt-to-equity ratio of 61.80. The stock has a market capitalization of C$472.59 million, a P/E ratio of 8.14 and a beta of 0.89. The firm’s 50 day simple moving average is C$13.85 and its two-hundred day simple moving average is C$13.47.

High Liner Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from High Liner Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 4.31%. High Liner Foods’s payout ratio is 31.09%.

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.