Core Insights - Maple Leaf Foods has declared a special cash dividend of $0.60 per common share, totaling approximately $75 million, reflecting strong operating performance and disciplined capital management [1][2] - The company is transitioning from deleveraging to a balanced capital allocation strategy that enhances shareholder returns while investing in growth [2] - The capital allocation strategy focuses on three priorities: investing in growth and operational efficiency, maintaining a resilient balance sheet, and returning excess capital to shareholders [2][4] Financial Performance - Since 2022, Maple Leaf Foods has returned approximately $500 million to shareholders, including about $400 million in dividends and $100 million in share buybacks [4] - Following the special dividend, leverage is expected to remain within the company's investment-grade target range [4] Future Outlook - Further details regarding the company's long-term growth strategy, 2026 guidance, and capital allocation priorities will be shared in the first quarter of 2026 [5] - Regular dividends and the existing normal course issuer bid (NCIB) program will continue alongside the special dividend [3] Dividend Details - The special dividend will be considered an eligible dividend for the "Enhanced Dividend Tax Credit System" and will not be eligible for participation in the Dividend Reinvestment Plan (DRIP) [6]
Maple Leaf Foods Announces Special Dividend