Maple Leaf Foods Inc. Plans Quarterly Dividend of $0.21 (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI – Get 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 is Tuesday, September 8th.

Maple Leaf Foods Stock Down 0.4%

Shares of TSE MFI opened at C$26.55 on Friday. Maple Leaf Foods has a 52-week low of C$23.35 and a 52-week high of C$36.31. The firm has a market capitalization of C$3.31 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 18.07 and a beta of 0.34. The stock has a 50 day moving average price of C$28.37 and a 200 day moving average price of C$29.03. The company has a debt-to-equity ratio of 97.47, a quick ratio of 0.54 and a current ratio of 1.56.

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Maple Leaf Foods (TSE:MFI – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 EPS for the quarter. The company had revenue of C$1.02 billion for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%. Sell-side analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Andrew Gordon Macdonald bought 10,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were acquired at an average price of C$26.78 per share, with a total value of C$267,800.00. Following 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 ownership of the stock. 39.87% of the stock is currently owned by corporate insiders.

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.

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