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

Shares of High Liner Foods Inc (TSE:HLF) 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:HLF) 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

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.