MTY Food Group
MTY.TO (TSX)
MTY Food Group recently increased its quarterly dividend by 12% to $0.37 per share, offering a dividend yield of 3.19%. Despite facing a 1-year return of -16.73%, the stock holds buy signals from both short and long-term Moving Averages, suggesting a positive outlook. Analysts maintain an "Outperform" rating, indicating potential for recovery in the consumer cyclical sector.
Pros:
- Recent dividend increase
- Positive short-term stock signals
Cons:
- Negative 1-year and 5-year returns
- Lower consensus rating compared to peers
MTY Food Group may be suitable for income-focused investors looking for dividend opportunities within the consumer cyclical sector, despite recent negative returns. While the stock has shown potential for recovery, as indicated by buy signals from Moving Averages and an "Outperform" rating from analysts, it is important for investors to consider their risk tolerance given the recent performance trends.