High Liner Foods (TSE:HLF) Hits New 1-Year High After Dividend Announcement

Shares of High Liner Foods Inc (TSE:HLFGet Free Report) reached a new 52-week high during mid-day trading on Friday after the company announced a dividend. The company traded as high as C$14.00 and last traded at C$13.58, with a volume of 33996 shares changing hands. The stock had previously closed at C$13.19.

The newly announced dividend which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15. High Liner Foods’s dividend payout ratio (DPR) is 31.09%.

High Liner Foods Stock Up 1.4 %

The company has a quick ratio of 0.38, a current ratio of 2.88 and a debt-to-equity ratio of 61.80. The business has a 50-day simple moving average of C$13.11 and a two-hundred day simple moving average of C$13.24. The stock has a market capitalization of C$400.16 million, a P/E ratio of 6.93 and a beta of 0.89.

High Liner Foods (TSE:HLFGet Free Report) last posted its earnings results on Wednesday, August 7th. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate of C$0.35 by C$0.12. High Liner Foods had a net margin of 4.82% and a return on equity of 12.18%. The business had revenue of C$298.72 million for the quarter, compared to analyst estimates of C$286.86 million. Equities research analysts forecast that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal year.

About High Liner Foods

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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.

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