High Liner Foods Inc (HLF) to Issue Dividend Increase – C$0.14 Per Share
High Liner Foods Inc (TSE:HLF) declared a quarterly dividend on Tuesday, November 29th. Stockholders of record on Thursday, December 15th will be paid a dividend of 0.14 per share on Thursday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, November 29th. This is a boost from High Liner Foods’s previous quarterly dividend of $0.13.
Shares of High Liner Foods (TSE:HLF) traded up 2.08% on Monday, hitting $20.65. The stock had a trading volume of 29,842 shares. High Liner Foods has a 12-month low of $12.08 and a 12-month high of $27.62. The firm has a market cap of $638.70 million and a price-to-earnings ratio of 19.67. The stock has a 50 day moving average of $23.13 and a 200 day moving average of $21.59.
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A number of research analysts have commented on the company. Beacon Securities restated a “buy” rating on shares of High Liner Foods in a research note on Monday, September 12th. Royal Bank Of Canada decreased their price target on High Liner Foods from C$24.00 to C$23.00 and set a “sector perform” rating on the stock in a research note on Friday, November 11th. Scotiabank decreased their price target on High Liner Foods from C$26.00 to C$23.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 10th. RBC Capital Markets upped their price target on High Liner Foods from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Friday, October 21st. Finally, BMO Capital Markets decreased their price target on High Liner Foods from C$27.00 to C$24.00 in a research note on Thursday, November 10th. Five investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of C$23.50.
High Liner Foods Company Profile
High Liner Foods Incorporated is a Canada-based company engaged in processing and marketing of prepared and packaged frozen seafood products. The Company’s retail branded products are sold across the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and C. Wirthy & Co brands.
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