Maple Leaf Foods Inc. (MFI) to Distribute Quarterly Dividend of $0.21 on September 29th

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

Maple Leaf Foods Trading Down 0.4%

TSE:MFI opened at C$26.55 on Friday. The stock’s 50 day moving average price is C$28.37 and its 200 day moving average price is C$29.03. The company has a market capitalization of C$3.31 billion, a PE ratio of 6.52, a P/E/G ratio of 18.07 and a beta of 0.34. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 97.47. Maple Leaf Foods has a 52-week low of C$23.35 and a 52-week high of C$36.31.

Maple Leaf Foods (TSE:MFIGet Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. The company had revenue of C$1.02 billion during the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%. On average, research analysts anticipate 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 acquired 10,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was purchased at an average price of C$26.78 per share, for a total transaction of C$267,800.00. Following the completion of the transaction, the director owned 72,200 shares of the company’s stock, valued at C$1,933,516. The trade was a 16.08% increase in their position. Corporate insiders own 39.87% of the company’s stock.

About Maple Leaf Foods

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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.

See Also

Dividend History for Maple Leaf Foods (TSE:MFI)

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