Maple Leaf Foods Inc. (TSE:MFI) Declares Quarterly Dividend of $0.24

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) announced a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be given a dividend of 0.24 per share on Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Friday, March 7th. This is a 9.1% increase from Maple Leaf Foods's previous quarterly dividend of $0.22.

Maple Leaf Foods Trading Down 0.4 %

Maple Leaf Foods stock traded down C$0.09 during midday trading on Friday, reaching C$25.10. The stock had a trading volume of 257,877 shares, compared to its average volume of 245,670. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. Maple Leaf Foods has a 52-week low of C$19.61 and a 52-week high of C$26.10. The firm has a market cap of C$3.14 billion, a price-to-earnings ratio of 92.63, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The company has a fifty day moving average of C$21.91 and a 200 day moving average of C$22.04.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. TD Securities reduced their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. National Bankshares raised their target price on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Royal Bank of Canada raised their target price on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, CIBC raised their target price on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Maple Leaf Foods currently has a consensus rating of "Buy" and a consensus target price of C$31.08.

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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.