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Maple Leaf Foods Announces Special Dividend
Prnewswire· 2025-12-08 11:00
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 to Report 2025 Second Quarter Financial Results on August 7th
Prnewswire· 2025-07-03 12:00
Group 1 - Maple Leaf Foods Inc. will release its second quarter 2025 financial results on August 7, 2025, at 6:00 am ET [1] - A conference call and webcast will follow the financial results release, starting at 8:30 am ET, featuring key executives including the President and CEO, CFO, and the incoming CEO of Canada Packers [1] - Participants can join the conference call by dialing specific numbers or registering for an automated call back, with playback available an hour after the event [1][2] Group 2 - Maple Leaf Foods is a leading protein company producing food products under various brands, employing approximately 13,500 people, and primarily operating in Canada, the U.S., and Asia [3] - The company is headquartered in Mississauga, Ontario, and its shares are traded on the Toronto Stock Exchange under the ticker MFI [3]
Maple Leaf Centre for Food Security Awards $60,000 in Scholarships to Shed Light on Food Insecurity in Canada
Prnewswire· 2025-06-04 11:00
Group 1: Scholarships and Research Support - Maple Leaf Foods and the Maple Leaf Centre for Food Security announced the 2025/26 Maple Leaf Board Scholarships in Food Insecurity, awarding a total of $60,000 to four scholars [1][2] - Each recipient, including Masters and Doctoral candidates, will receive a $15,000 scholarship to support their research on food insecurity in Canada [2] - The scholarship program has supported 21 students since its inception in 2020, focusing on research that addresses food insecurity [3] Group 2: Research Focus Areas - Rachel Blais will examine the nonprofit sector's role in addressing food insecurity in Iqaluit and develop community-led recommendations for poverty reduction [6] - Gabrielle Jacob will measure differences in food insecurity rates among marginalized populations and analyze changes over time with food bank usage [6] - Sylvia Odhiambo will investigate the relationship between immigration status, trauma/mental disorders, and food insecurity [6] - Michaela Tokarski will analyze the impact of the Ottawa Food Bank's decision to reduce food distribution by 20-50% on clients and member agencies [6] Group 3: Organizational Goals and Commitment - The Maple Leaf Centre for Food Security aims to reduce food insecurity in Canada by 50% by 2030 and advocates for critical public policies [4] - The Centre invests in knowledge building and programs to enhance the capacity of communities to achieve sustainable food security [4] - Maple Leaf Foods is a leading protein company with approximately 13,500 employees, operating in Canada, the U.S., and Asia [5]
Maple Leaf Foods Reaffirms Board Diversity Commitment
Prnewswire· 2025-05-20 21:11
Core Viewpoint - Maple Leaf Foods reaffirms its commitment to diversity on its Board of Directors, aiming to maintain at least 30% representation of women, despite a temporary drop to 27% [1][2]. Group 1: Board Diversity Commitment - The Company has historically maintained a minimum of 30% women on its Board of Directors [1]. - Currently, the representation of women on the Board is at 27%, but the Company is committed to adding another woman director by or before the 2026 annual meeting of shareholders [1]. Group 2: Company Overview - Maple Leaf Foods is a leading protein company that produces food products under various brands, including Maple Leaf®, Schneiders®, and LightLife® [3]. - The Company employs approximately 13,500 people and operates primarily in Canada, the U.S., and Asia [3]. - Maple Leaf Foods is headquartered in Mississauga, Ontario, and its shares are traded on the Toronto Stock Exchange under the ticker MFI [3].