Maple Leaf Foods Inc. (MFI) to Issue Quarterly Dividend of $0.19 on December 31st

Maple Leaf Foods Inc. (TSE:MFI) announced a quarterly dividend on Wednesday, December 10th, TickerTech Dividends reports. Investors of record on Wednesday, December 31st will be paid a dividend of 0.19 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, December 10th.

Maple Leaf Foods Stock Up 0.4%

MFI stock opened at C$25.30 on Monday. The stock’s 50 day simple moving average is C$27.12 and its 200 day simple moving average is C$29.78. The company has a market cap of C$3.16 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 18.07 and a beta of 0.53. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. Maple Leaf Foods has a fifty-two week low of C$19.61 and a fifty-two week high of C$36.35.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.49 EPS for the quarter. Maple Leaf Foods had a return on equity of 2.19% and a net margin of 0.70%.The firm had revenue of C$1.01 billion during the quarter. On average, research analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MFI. CIBC decreased their price target on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Thursday, November 6th. TD Securities reduced their price objective on shares of Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada set a C$33.00 target price on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a report on Thursday, November 27th. BMO Capital Markets dropped their price target on shares of Maple Leaf Foods from C$35.00 to C$33.00 in a research report on Thursday, November 6th. Finally, Scotiabank decreased their price objective on Maple Leaf Foods from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Maple Leaf Foods presently has an average rating of “Buy” and an average target price of C$35.44.

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.