High Liner Foods Inc Plans Quarterly Dividend of $0.15 (TSE:HLF)

High Liner Foods Inc (TSE:HLF - Get Free Report) declared a quarterly dividend on Tuesday, May 14th, Zacks reports. Shareholders of record on Saturday, June 1st will be paid a dividend of 0.15 per share on Saturday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, May 31st.

High Liner Foods Trading Up 1.5 %

HLF stock traded up C$0.19 during midday trading on Thursday, reaching C$13.29. The company's stock had a trading volume of 9,705 shares, compared to its average volume of 11,429. High Liner Foods has a 52 week low of C$10.11 and a 52 week high of C$15.25. The stock has a market cap of C$405.74 million, a PE ratio of 10.46 and a beta of 0.88. The company has a quick ratio of 0.38, a current ratio of 2.55 and a debt-to-equity ratio of 65.71. The business's 50-day simple moving average is C$13.12 and its 200-day simple moving average is C$12.02.

High Liner Foods (TSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.30 by C$0.01. High Liner Foods had a net margin of 2.93% and a return on equity of 8.34%. The firm had revenue of C$322.85 million for the quarter, compared to analysts' expectations of C$321.95 million. As a group, sell-side analysts expect that High Liner Foods will post 1.7563588 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Cormark raised their price objective on shares of High Liner Foods from C$17.00 to C$18.25 in a research note on Wednesday, March 6th. Royal Bank of Canada lifted their price target on shares of High Liner Foods from C$13.00 to C$14.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their price target on shares of High Liner Foods from C$13.50 to C$14.00 in a research report on Thursday, March 7th.

High Liner Foods Company Profile

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.