MTY Food Group (TSE:MTY – Free Report) had its target price trimmed by Royal Bank Of Canada from C$51.00 to C$48.00 in a research note released on Monday morning,BayStreet.CA reports.
Several other research analysts have also recently weighed in on MTY. Scotiabank upgraded shares of MTY Food Group to a “hold” rating in a research report on Wednesday, June 18th. Raymond James Financial decreased their price objective on shares of MTY Food Group from C$55.00 to C$50.00 in a research report on Monday, April 14th.
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MTY Food Group Trading Up 2.0%
MTY Food Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Thursday, May 1st. MTY Food Group’s payout ratio is currently 27.97%.
About MTY Food Group
MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.
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