Maple Leaf Foods Inc (TSE:MFI) Announces Dividend Increase – $0.11 Per Share

Maple Leaf Foods Inc (TSE:MFI) announced a quarterly dividend on Friday, July 28th, Zacks reports. Investors of record on Friday, September 8th will be given a dividend of 0.11 per share on Friday, September 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.08.

Shares of Maple Leaf Foods (TSE:MFI) opened at 33.88 on Friday. The stock has a market cap of $4.37 billion and a P/E ratio of 25.96. Maple Leaf Foods has a 52 week low of $27.31 and a 52 week high of $35.37. The stock has a 50 day moving average of $34.40 and a 200 day moving average of $33.23.

Several research analysts have recently commented on MFI shares. TD Securities lifted their price target on Maple Leaf Foods from C$39.00 to C$41.00 and gave the stock a “buy” rating in a report on Friday, July 28th. BMO Capital Markets lifted their price target on Maple Leaf Foods from C$36.00 to C$37.00 and gave the stock a “market perform” rating in a report on Sunday, July 30th.

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In related news, insider Glen Lucien Gratton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$33.99, for a total value of C$33,990.00. Also, insider Rocco Cappuccitti sold 5,600 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of C$34.40, for a total transaction of C$192,640.00. Over the last 90 days, insiders sold 45,000 shares of company stock worth $1,559,790.

About Maple Leaf Foods

Maple Leaf Foods Inc operates as a consumer packaged meats company in Canada. It operates in two segments, Meat Products Group and Agribusiness Group. The Meat Products Group segment offers prepared meats and meals, lunch kits, and snacks, as well as fresh pork, poultry, and turkey products. This segment markets its products primarily under the Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Devour brand names.

Dividend History for Maple Leaf Foods (TSE:MFI)

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