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MTY Food Group Inc. (TSE:MTY) to Issue Quarterly Dividend of $0.28

MTY Food Group logo with Consumer Cyclical background

MTY Food Group Inc. (TSE:MTY - Get Free Report) announced a quarterly dividend on Friday, October 11th, Zacks reports. Stockholders of record on Tuesday, November 5th will be given a dividend of 0.28 per share on Friday, November 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Tuesday, November 5th.

MTY Food Group Trading Down 1.5 %

MTY Food Group stock traded down C$0.69 during trading on Friday, reaching C$45.75. 99,800 shares of the company were exchanged, compared to its average volume of 47,806. The company has a debt-to-equity ratio of 149.81, a current ratio of 0.64 and a quick ratio of 0.57. The stock's 50 day simple moving average is C$44.12 and its two-hundred day simple moving average is C$45.59. The company has a market capitalization of C$1.09 billion, a P/E ratio of 11.16, a PEG ratio of 0.75 and a beta of 1.95. MTY Food Group has a 52-week low of C$40.45 and a 52-week high of C$59.80.

MTY Food Group (TSE:MTY - Get Free Report) last announced its quarterly earnings results on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, beating the consensus estimate of C$1.04 by C$0.42. MTY Food Group had a net margin of 8.61% and a return on equity of 12.52%. The firm had revenue of C$292.75 million for the quarter, compared to analysts' expectations of C$300.60 million. On average, equities research analysts expect that MTY Food Group will post 4.2289377 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTY. Royal Bank of Canada raised their price target on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. National Bankshares upped their price target on MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. Finally, TD Securities upped their price target on MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$54.43.

Get Our Latest Research Report on MTY

About MTY Food Group

(Get Free Report)

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.

Further Reading

Dividend History for MTY Food Group (TSE:MTY)

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