Maple Leaf Foods Inc. (MFI) to Issue Quarterly Dividend of $0.21 on June 30th

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Monday, June 8th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.21 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, June 8th.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$30.67 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.54 and a debt-to-equity ratio of 91.78. The firm has a 50-day moving average price of C$29.52 and a two-hundred day moving average price of C$27.47. Maple Leaf Foods has a twelve month low of C$23.35 and a twelve month high of C$36.35. The company has a market capitalization of C$3.82 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 18.07 and a beta of 0.35.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The firm had revenue of C$962.85 million during the quarter. As a group, research analysts expect that Maple Leaf Foods will post 1.4334187 earnings per share for the current fiscal year.

Insider Activity

In other Maple Leaf Foods news, insider Randall Huffman sold 5,075 shares of Maple Leaf Foods stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$29.45, for a total transaction of C$149,458.75. Following the transaction, the insider directly owned 89,044 shares of the company’s stock, valued at C$2,622,345.80. The trade was a 5.39% decrease in their ownership of the stock. Also, insider Adam John Grogan sold 32,063 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total transaction of C$941,690.31. Following the transaction, the insider directly owned 41,277 shares in the company, valued at approximately C$1,212,305.49. This trade represents a 43.72% decrease in their ownership of the stock. Over the last quarter, insiders acquired 12,500 shares of company stock valued at $350,102 and sold 142,699 shares valued at $4,176,580. 39.87% of the stock is currently owned by corporate insiders.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.