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

Maple Leaf Foods Inc. (TSE:MFI) announced a quarterly dividend on Tuesday, September 8th. Shareholders of record on Tuesday, September 29th will be given a dividend of 0.21 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 8th.

Maple Leaf Foods Trading Down 0.4%

Shares of MFI opened at C$26.55 on Friday. The company has a debt-to-equity ratio of 97.47, a current ratio of 1.56 and a quick ratio of 0.54. The firm has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 18.07 and a beta of 0.34. The company has a 50-day moving average of C$28.37 and a 200 day moving average of C$29.03. Maple Leaf Foods has a 1-year low of C$23.35 and a 1-year high of C$36.31.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%.The business had revenue of C$1.02 billion during the quarter. On average, research analysts expect that Maple Leaf Foods will post 1.4334187 EPS for the current year.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Andrew Gordon Macdonald purchased 10,000 shares of Maple Leaf Foods stock in a transaction on Friday, September 4th. The stock was bought at an average cost of C$26.78 per share, with a total value of C$267,800.00. Following the transaction, the director owned 72,200 shares of the company’s stock, valued at C$1,933,516. This represents a 16.08% increase in their position. 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.