Maple Leaf Foods Inc. (TSE:MFI) Increases Dividend to $0.21 Per Share

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Monday, March 9th, TickerTech Dividends reports. Investors of record on Tuesday, March 31st will be given a dividend of 0.21 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, March 9th. This is a 10.5% increase from Maple Leaf Foods’s previous quarterly dividend of $0.19.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$28.72 on Friday. The company has a fifty day moving average of C$26.37 and a two-hundred day moving average of C$28.34. The company has a market capitalization of C$3.58 billion, a PE ratio of 17.73, a P/E/G ratio of 18.07 and a beta of 0.75. Maple Leaf Foods has a 1 year low of C$22.57 and a 1 year high of C$36.35. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.29 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last announced its earnings results on Thursday, March 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. Maple Leaf Foods had a net margin of 13.84% and a return on equity of 35.43%. The business had revenue of C$991.24 million for the quarter. As a group, analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

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