MTY Food Group Inc. (TSE:MTY) Announces Quarterly Dividend of $0.50

MTY Food Group Inc. (TSE:MTY) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.50 per share on Friday, November 13th. This represents a $2.00 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a 35.1% increase from MTY Food Group’s previous quarterly dividend of $0.37.

MTY Food Group Stock Up 1.3%

Shares of MTY Food Group stock opened at C$32.46 on Friday. The company has a debt-to-equity ratio of 117.99, a current ratio of 0.75 and a quick ratio of 0.56. The stock has a market cap of C$741.42 million, a price-to-earnings ratio of 6.78, a PEG ratio of 0.75 and a beta of 0.98. The firm’s 50-day moving average is C$32.65 and its two-hundred day moving average is C$37.16. MTY Food Group has a 1 year low of C$28.12 and a 1 year high of C$45.90.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Friday, October 9th. The company reported C$1.26 EPS for the quarter. MTY Food Group had a net margin of 9.67% and a return on equity of 12.54%. The business had revenue of C$277.73 million during the quarter. As a group, research analysts expect that MTY Food Group will post 4.49 earnings per share for the current fiscal year.

MTY Food Group Company Profile

MTY Group franchises and operates quick-service, fast casual and casual dining restaurants over 80 different banners in Canada, the US and Internationally. Based in Montreal, MTY is a family whose heart beats to the rhythm of its brands, the very soul of its multi-branded strategy. For over 45 years, it has been increasing its presence by delivering new concepts of restaurants, making acquisitions, and forging strategic alliances, which have allowed it to reach new heights year after year. By combining new trends with operational know-how, the brands forming the MTY Group now touch the lives of millions of people every year.