High Liner Foods (TSE:HLF) Reaches New 12-Month High – Still a Buy?

High Liner Foods Inc (TSE:HLFGet Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as C$14.49 and last traded at C$14.34, with a volume of 29095 shares traded. The stock had previously closed at C$14.16.

High Liner Foods Price Performance

The firm’s 50-day moving average price is C$13.16 and its two-hundred day moving average price is C$13.26. The company has a current ratio of 2.88, a quick ratio of 0.38 and a debt-to-equity ratio of 61.80. The stock has a market cap of C$439.97 million, a PE ratio of 7.62 and a beta of 0.89.

High Liner Foods Increases Dividend

The company also recently announced a quarterly 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 is a boost from High Liner Foods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.68 dividend on an annualized basis and a yield of 4.63%. High Liner Foods’s dividend payout ratio is presently 31.09%.

About High Liner Foods

(Get Free Report)

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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