{"id":407331,"date":"2026-01-13T22:47:08","date_gmt":"2026-01-13T22:47:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/407331\/"},"modified":"2026-01-13T22:47:08","modified_gmt":"2026-01-13T22:47:08","slug":"maple-leaf-foods-hikes-dividend-by-10-stock-rises","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/407331\/","title":{"rendered":"Maple Leaf Foods hikes dividend by 10%; stock rises"},"content":{"rendered":"\n<p class=\"yf-vbsvxt\">Shares of Maple Leaf Foods (<a class=\"link \" href=\"https:\/\/ca.finance.yahoo.com\/quote\/MFI.TO\/\" data-i13n=\"cpos:1;pos:1\" data-ylk=\"slk:MFI.TO;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" rel=\"nofollow noopener\" target=\"_blank\">MFI.TO<\/a>) gained on Tuesday, as the processed foods giant boosted its dividend and called for strong sales in the year ahead.<\/p>\n<p class=\"yf-vbsvxt\">Maple Leaf is one of Canada\u2019s largest meat and plant-based protein producers. The Mississauga, Ont.-based company is best known for its deli meats, bacon and poultry, as well as the popular Schneiders brand of hot dogs.<\/p>\n<p class=\"yf-vbsvxt\">Toronto-listed shares closed 3.82 per cent higher at $25.80 on Tuesday, adding to a roughly 33 per cent gain over the past 12 months.<\/p>\n<p class=\"yf-vbsvxt\">In a news release on Tuesday, the company said it has approved a roughly 10 per cent increase to its quarterly dividend for 2026. This would raise the payout from $0.19 per share to $0.21 per share, or $0.84 per share annually. The change applies to shareholders of record at the close of business on March 9.<\/p>\n<p class=\"yf-vbsvxt\">At the same time, Maple Leaf says it expects mid-single digit sales growth in its 2026 fiscal year.<\/p>\n<p class=\"yf-vbsvxt\">\u201cFollowing a year of transformational financial performance, we are increasing our annual dividend by 10 per cent, marking our eleventh consecutive annual increase,\u201d CEO Curtis Frank stated on Tuesday.<\/p>\n<p class=\"yf-vbsvxt\">Maple Leaf Foods shares fell last year, following the sale of its Canadian Packers pork business and weaker-than-expected financial results.<\/p>\n<p class=\"yf-vbsvxt\">Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on X <a class=\"link \" href=\"https:\/\/twitter.com\/jefflagerquist\" data-i13n=\"slk:@jefflagerquist;cpos:2;pos:1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:@jefflagerquist;slk:@jefflagerquist;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\">@jefflagerquist<\/a>.<\/p>\n<p>   <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Shares of Maple Leaf Foods (MFI.TO) gained on Tuesday, as the processed foods giant boosted its dividend and&hellip;\n","protected":false},"author":2,"featured_media":407332,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,93347,171616,42959],"class_list":{"0":"post-407331","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-maple-leaf","12":"tag-maple-leaf-foods","13":"tag-processed-foods"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/407331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=407331"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/407331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/407332"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=407331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=407331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=407331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}