High Liner Foods (TSE:HLF) Reaches New 1-Year High – Still a Buy?

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

High Liner Foods Stock Down 0.1 %

The firm has a 50 day moving average price of C$13.49 and a two-hundred day moving average price of C$13.37. The company has a quick ratio of 0.38, a current ratio of 2.88 and a debt-to-equity ratio of 61.80. The company has a market capitalization of C$458.83 million, a price-to-earnings ratio of 7.94 and a beta of 0.89.

High Liner Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from High Liner Foods’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 4.44%. High Liner Foods’s dividend payout ratio (DPR) 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.