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Maple Leaf Foods Inc.

12:16 PM EST - Maple Leaf Foods Inc. : Reported its financial results for the fourth quarter ended December 31, 2018. Sales for the fourth quarter increased 2.0% to $893.9 million or decreased 1.9% after adjusting for the impact of IFRS 15 and acquisitions. Net Earnings for the quarter were $11.9 million ($0.10 per basic share) compared to $59.1 million ($0.47 per basic share) in the same period last year. The Company also announced it will increase its quarterly dividend by $0.015 per share or 11.5% to $0.145 per share, effective the first quarter of 2019. Maple Leaf Foods Inc. shares T.MFI are trading down $0.55 at $28.03.