Maple Leaf Foods Inc. (TSE:MFI) Plans Dividend Increase – $0.21 Per Share

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

Maple Leaf Foods Trading Up 1.4%

TSE:MFI opened at C$28.72 on Friday. The stock’s 50 day moving average price is C$26.37 and its 200 day moving average price is 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. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 1.56. Maple Leaf Foods has a 52-week low of C$22.57 and a 52-week high of C$36.35.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.32 EPS for the quarter. Maple Leaf Foods had a return on equity of 35.43% and a net margin of 13.84%.The company had revenue of C$991.24 million for the quarter. On average, research analysts anticipate that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Analyst Ratings Changes

MFI has been the topic of a number of research reports. Scotiabank raised their target price on shares of Maple Leaf Foods from C$27.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Friday. Royal Bank Of Canada set a C$33.00 price target on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a research note on Thursday, November 27th. National Bank Financial raised their price objective on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stifel Nicolaus raised their price objective on shares of Maple Leaf Foods from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$34.57.

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.