High Liner Foods Inc (TSE:HLF) to Issue Quarterly Dividend of $0.18

by · The Cerbat Gem

High Liner Foods Inc (TSE:HLF – Get Free Report) declared a quarterly dividend on Monday, June 1st, TickerTech Dividends reports. Investors of record on Monday, June 15th will be paid a dividend of 0.175 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, June 1st.

High Liner Foods Stock Up 0.1%

Shares of TSE:HLF opened at C$14.69 on Friday. The firm has a fifty day moving average of C$14.19 and a 200 day moving average of C$14.67. The company has a debt-to-equity ratio of 75.38, a quick ratio of 0.38 and a current ratio of 2.45. High Liner Foods has a 52-week low of C$13.13 and a 52-week high of C$19.07. The firm has a market capitalization of C$412.45 million, a PE ratio of 14.99 and a beta of 0.67.

High Liner Foods (TSE:HLF – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.54 earnings per share (EPS) for the quarter. High Liner Foods had a net margin of 2.68% and a return on equity of 7.08%. The business had revenue of C$467.13 million during the quarter. As a group, research analysts anticipate that High Liner Foods will post 1.9858934 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on HLF shares. Raymond James Financial cut their price target on shares of High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Ventum Financial set a C$15.50 price target on shares of High Liner Foods and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. ATB Cormark Capital Markets cut their price target on shares of High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating for the company in a research report on Monday, April 6th. Finally, Royal Bank Of Canada dropped their target price on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$16.70.

Read Our Latest Stock Report on HLF

High Liner Foods Company Profile

(Get Free Report)

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.

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