MTY Food Group Inc. (MTY) to Distribute Quarterly Dividend of $0.50 on November 13th

MTY Food Group Inc. (TSE:MTY) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 13th will be paid a dividend of $0.50 per share on Friday, November 13th. This represents a $2.00 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a 35.1% increase from MTY Food Group’s previous quarterly dividend of $0.37.

MTY Food Group Price Performance

Shares of TSE:MTY opened at C$32.46 on Friday. The company’s 50 day moving average is C$32.65 and its 200 day moving average is C$37.16. MTY Food Group has a twelve month low of C$28.12 and a twelve month high of C$45.90. The company has a market cap of C$741.42 million, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The company has a current ratio of 0.75, a quick ratio of 0.56 and a debt-to-equity ratio of 117.99.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, October 9th. The company reported C$1.26 earnings per share (EPS) for the quarter. MTY Food Group had a return on equity of 12.54% and a net margin of 9.67%. The business had revenue of C$277.73 million during the quarter. On average, sell-side analysts forecast that MTY Food Group will post 4.49 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on MTY. TD Securities raised MTY Food Group to a “hold” rating in a research report on Monday, July 13th. Raymond James Financial dropped their target price on MTY Food Group from C$40.00 to C$35.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 13th. Acumen Capital dropped their price objective on MTY Food Group from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada cut their target price on MTY Food Group from C$46.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Finally, National Bank Financial dropped their price objective on shares of MTY Food Group from C$40.00 to C$37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$41.12.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.