Maple Leaf Foods Inc. Plans Quarterly Dividend of $0.21 (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Monday, June 8th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.21 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, June 8th.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$30.67 on Friday. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54. Maple Leaf Foods has a 1 year low of C$23.35 and a 1 year high of C$36.35. The company has a market capitalization of C$3.82 billion, a PE ratio of 7.29, a P/E/G ratio of 18.07 and a beta of 0.35. The company has a fifty day moving average of C$29.52 and a two-hundred day moving average of C$27.47.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The company had revenue of C$962.85 million during the quarter. As a group, analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

Insider Activity

In related news, insider Andreas Liris sold 4,870 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$28.70, for a total transaction of C$139,769.00. Following the completion of the transaction, the insider directly owned 13,000 shares of the company’s stock, valued at C$373,100. This represents a 27.25% decrease in their ownership of the stock. Also, Director Curtis Eugene Frank sold 96,191 shares of the stock in a transaction dated Monday, May 25th. The stock was sold at an average price of C$29.25, for a total transaction of C$2,813,586.75. Following the transaction, the director directly owned 101,469 shares of the company’s stock, valued at C$2,967,968.25. This represents a 48.66% decrease in their ownership of the stock. Over the last ninety days, insiders bought 12,500 shares of company stock valued at $350,102 and sold 142,699 shares valued at $4,176,580. Company insiders own 39.87% of the company’s stock.

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.