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

Maple Leaf Foods Inc. (TSE:MFI) announced a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Stockholders 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 dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.22.

Maple Leaf Foods Stock Up 1.3 %

Shares of Maple Leaf Foods stock traded up C$0.31 during trading on Wednesday, hitting C$24.93. 18,654 shares of the stock traded hands, compared to its average volume of 245,827. The company has a fifty day moving average price of C$21.62 and a two-hundred day moving average price of C$22.00. Maple Leaf Foods has a twelve month low of C$19.61 and a twelve month high of C$26.10. The stock has a market cap of C$3.12 billion, a P/E ratio of 92.00, a PEG ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26.

Analysts Set New Price Targets

MFI has been the subject of several analyst reports. TD Securities reduced their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, November 14th. CIBC boosted their price objective on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research note 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 company an “outperform” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group boosted their target price 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. Finally, National Bankshares raised their price target on Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$31.08.

Maple Leaf Foods Company Profile

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.