High Liner Foods (TSE:HLF) Hits New 1-Year High – Here’s What Happened

Shares of High Liner Foods Inc (TSE:HLF) reached a new 52-week high on Monday . The company traded as high as C$16.23 and last traded at C$16.00, with a volume of 11497 shares. The stock had previously closed at C$16.08.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised their price objective on High Liner Foods from C$14.50 to C$16.40 in a research report on Thursday, December 19th.

High Liner Foods Stock Performance

The firm has a market capitalization of C$478.88 million, a price-to-earnings ratio of 8.29 and a beta of 0.89. The firm’s 50-day moving average price is C$14.91 and its two-hundred day moving average price is C$13.83. The company has a debt-to-equity ratio of 61.80, a quick ratio of 0.38 and a current ratio of 2.88.

High Liner Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.17 dividend. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, November 29th. High Liner Foods’s dividend payout ratio is currently 31.09%.

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.