Maple Leaf Foods Inc. (MFI) to Issue Quarterly Dividend of $0.24 on March 31st

Maple Leaf Foods Inc. (TSE:MFI) declared 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 of this dividend is Friday, March 7th. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.22.

Maple Leaf Foods Stock Performance

Shares of TSE MFI traded up C$0.40 during trading hours on Wednesday, hitting C$25.02. 44,367 shares of the stock were exchanged, compared to its average volume of 240,954. The firm has a market capitalization of C$3.13 billion, a P/E ratio of 92.33, a P/E/G ratio of 18.07 and a beta of 0.47. The company’s 50 day moving average is C$21.62 and its 200 day moving average is C$22.00. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$26.10.

Wall Street Analyst Weigh In

MFI has been the subject of a number of research reports. CIBC increased their price target 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. Canaccord Genuity Group lifted their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Royal Bank of Canada upped their price target 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. TD Securities reduced their price objective on 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, National Bankshares boosted their price objective on Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.