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.
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.
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