Business
Maple Leaf Foods Increases Quarterly Dividend by 9% and announces First Quarter Distribution
Maple Leaf Foods Increases Quarterly Dividend by 9% and announces First Quarter Distribution ...
About this update from Maple Leaf Foods Inc.
[{"type":"text","content":"\n\n\n\n Maple Leaf Foods Increases Quarterly Dividend by 9% and announces First Quarter Distribution\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TSX: MFI\n \n\n\n\n www.mapleleaffoods.com\n \n\n\n\n\n\n MISSISSAUGA, ON\n \n\n ,\n \n\n Jan. 10, 2025\n \n\n /CNW/ - Maple Leaf Foods Inc. (\"Maple Leaf Foods\" or the \"Company\") (TSX: MFI), an iconic Canadian protein company, announced today that it is increasing its quarterly cash dividend by 9% from\n \n $0.22\n \n per share to\n \n $0.24\n \n per share, or\n \n $0.96\n \n per share annually. With this increase, the dividend payment for the first quarter of 2025 will be\n \n $0.24\n \n per common share, payable on\n \n March 31, 2025\n \n , to shareholders of record at the close of business on\n \n March 7\n \n , 2025.\n \n\n\n\n\n\n\n\n\n \"I'm pleased to announce that for the tenth consecutive year, Maple Leaf Foods is delivering an increase in its quarterly dividend,\" said\n \n Curtis Frank\n \n , President and CEO. \"We are proud of our long history of sustainable dividend growth supported by the execution of our strategic Blueprint as we continue to meet the rising consumer demand for protein.\"\n \n\n The Company's Dividend Reinvestment Plan (\"DRIP\") permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company. The Company is eliminating the 2% discount on the treasury shares issued under the DRIP starting with this 2025 first quarter dividend. Therefore, for shareholders who wish to reinvest their dividends under the DRIP, Maple Leaf Foods intends to issue common shares from treasury at a price equal to 100% of the weighted average closing price of the shares for the five trading days preceding the dividend payment date. Full details of the DRIP, including how to enroll in the program, are available at\n \n https://www.mapleleaffoods.com/\n \n .\n \n\n Unless indicated otherwise by the Company at or before the time the dividend is paid, the dividend will be considered an eligible dividend for the purpose...