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

High Liner Foods Inc (TSE:HLF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$15.58 and last traded at C$15.42, with a volume of 10479 shares. The stock had previously closed at C$15.55.

High Liner Foods Trading Down 1.5 %

The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38. The company has a market capitalization of C$458.23 million, a P/E ratio of 8.06 and a beta of 0.89. The firm has a fifty day moving average price of C$13.41 and a 200-day moving average price of C$13.34.

High Liner Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a $0.17 dividend. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, November 29th. High Liner Foods’s payout ratio is 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.