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 dividend 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 fifty day simple moving average of C$29.52 and a two-hundred day simple moving average of C$27.47. The company has a market cap of C$3.82 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 18.07 and a beta of 0.35. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 91.78. Maple Leaf Foods has a 52 week low of C$23.35 and a 52 week high of C$36.35.

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

Insider Activity

In other Maple Leaf Foods news, insider Andreas Liris sold 4,870 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$28.70, for a total value of C$139,769.00. Following the completion of the transaction, the insider owned 13,000 shares in the company, valued at C$373,100. This represents a 27.25% decrease in their ownership of the stock. Also, insider Adam John Grogan sold 32,063 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total transaction of C$941,690.31. Following the completion of the transaction, the insider owned 41,277 shares of the company’s stock, valued at C$1,212,305.49. This represents a 43.72% decrease in their position. In the last quarter, insiders have acquired 12,500 shares of company stock valued at $350,102 and have sold 142,699 shares valued at $4,176,580. 39.87% of the stock is currently owned by company insiders.

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.