Maple Leaf Foods Inc to Issue Quarterly Dividend of $0.11 (MFI)

Maple Leaf Foods Inc (TSE:MFI) declared a quarterly dividend on Thursday, October 26th, Zacks reports. Investors of record on Friday, December 8th will be given a dividend of 0.11 per share on Friday, December 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, December 7th.

Maple Leaf Foods (MFI) traded down 1.08% on Friday, hitting $32.93. 53,640 shares of the company were exchanged. The firm has a market cap of $4.25 billion and a price-to-earnings ratio of 25.23. Maple Leaf Foods has a one year low of $27.31 and a one year high of $35.37. The stock has a 50 day moving average price of $33.79 and a 200 day moving average price of $33.67.

In other news, insider Glen Lucien Gratton sold 1,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$33.99, for a total transaction of C$33,990.00. Also, insider Rocco Cappuccitti sold 1,700 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of C$34.52, for a total transaction of C$58,684.00. Insiders sold 45,000 shares of company stock valued at $1,559,790 in the last ninety days.

MFI has been the topic of several analyst reports. Scotiabank lowered shares of Maple Leaf Foods from an “outperform” rating to a “sector perform” rating and set a C$37.50 price objective on the stock. in a report on Friday, October 13th. TD Securities increased their price objective on shares of Maple Leaf Foods from C$39.00 to C$41.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, BMO Capital Markets increased their price objective on shares of Maple Leaf Foods from C$36.00 to C$37.00 and gave the company a “market perform” rating in a report on Sunday, July 30th.

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Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a Canada-based consumer protein company that processes and produces value-added prepared meats, lunch kits snacks, and value-added fresh pork and poultry products sold under flagship Canadian brands such as Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina and Devour.

Dividend History for Maple Leaf Foods (TSE:MFI)

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