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. Stockholders of record on Friday, November 13th will be given a dividend of $0.50 per share on Friday, November 13th. This represents a $2.00 annualized dividend and a dividend yield of 6.2%. The ex-dividend date 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

TSE MTY opened at C$32.46 on Friday. The company has a debt-to-equity ratio of 117.99, a quick ratio of 0.56 and a current ratio of 0.75. The stock has a market cap of C$741.42 million, a price-to-earnings ratio of 6.78, a PEG ratio of 0.75 and a beta of 0.98. The business has a 50 day simple moving average of C$32.65 and a 200 day simple moving average of C$37.16. MTY Food Group has a 52-week low of C$28.12 and a 52-week high of C$45.90.

MTY Food Group (TSE:MTY) last announced its quarterly earnings results on Friday, October 9th. The company reported C$1.26 earnings per share for the quarter. The firm had revenue of C$277.73 million for the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. Analysts anticipate that MTY Food Group will post 4.49 earnings per share for the current fiscal year.

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.