Maple Leaf Foods Boosts Dividend and Updates Reinvestment Plan

Maple Leaf Foods ( (TSE:MFI) ) has shared an update.

Maple Leaf Foods announced a 9% increase in its quarterly cash dividend, raising it from $0.22 to $0.24 per share, marking the tenth consecutive year of dividend growth. The company is also removing the 2% discount on the Dividend Reinvestment Plan, offering shares at full market price to investors wishing to reinvest their dividends. This move reflects Maple Leaf Foods’ commitment to sustainable growth and meeting consumer demand, potentially impacting shareholder returns and market perception positively.

More about Maple Leaf Foods

Maple Leaf Foods is a leading Canadian protein company that responsibly produces food products under several prominent brands, including Maple Leaf, Schneiders, Mina, and Greenfield Natural Meat Co. The company employs approximately 13,500 people and operates mainly in Canada, the U.S., and Asia. Headquartered in Mississauga, Ontario, Maple Leaf Foods’ shares are traded on the Toronto Stock Exchange.

YTD Price Performance: -1.33%

Average Trading Volume: 189,606

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$2.48B

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