Maple Leaf Foods Inc. Announces Quarterly Dividend of $0.21 (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Tuesday, September 8th. Investors of record on Tuesday, September 29th will be given a dividend of 0.21 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 8th.

Maple Leaf Foods Trading Down 0.4%

Shares of MFI opened at C$26.55 on Friday. The firm has a market cap of C$3.31 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 18.07 and a beta of 0.34. The company has a debt-to-equity ratio of 97.47, a current ratio of 1.56 and a quick ratio of 0.54. Maple Leaf Foods has a 1 year low of C$23.35 and a 1 year high of C$36.31. The company has a 50 day simple moving average of C$28.37 and a two-hundred day simple moving average of C$29.03.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Wednesday, August 12th. The company reported C$0.44 EPS for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. The firm had revenue of C$1.02 billion for the quarter. On average, equities analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrew Gordon Macdonald acquired 10,000 shares of Maple Leaf Foods stock in a transaction on Friday, September 4th. The shares were bought at an average cost of C$26.78 per share, with a total value of C$267,800.00. Following the completion of the purchase, the director directly owned 72,200 shares of the company’s stock, valued at C$1,933,516. The trade was a 16.08% increase in their position. Corporate insiders own 39.87% of the company’s stock.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.