MTY Food Group Inc. (TSE:MTY) Declares Dividend Increase – $0.50 Per Share

MTY Food Group Inc. (TSE:MTY) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be given a dividend of $0.50 per share on Friday, November 13th. This represents a $2.00 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, November 3rd. This is a 35.1% increase from MTY Food Group’s previous quarterly dividend of $0.37.

MTY Food Group Stock Performance

TSE:MTY opened at C$32.46 on Friday. The firm has a market capitalization of C$741.42 million, a PE ratio of 6.78, a PEG ratio of 0.75 and a beta of 0.98. The stock’s fifty day moving average is C$32.65 and its 200 day moving average is C$37.16. MTY Food Group has a fifty-two week low of C$28.12 and a fifty-two week high of C$45.90. The company has a debt-to-equity ratio of 117.99, a quick ratio of 0.56 and a current ratio of 0.75.

MTY Food Group (TSE:MTY) last posted its quarterly earnings data on Friday, October 9th. The company reported C$1.26 EPS for the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. The company had revenue of C$277.73 million during the quarter. On average, sell-side analysts anticipate that MTY Food Group will post 4.49 earnings per share for the current year.

About MTY Food Group

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.