Maple Leaf Foods Inc. MFI-T says it will pay a special cash dividend to shareholders.
The company says it will pay shareholders 60 cents per share in addition to its regular quarterly dividend.
Maple Leaf chief executive Curtis Frank says the move reflects the company’s strong financial position and confidence in its outlook.
The special dividend is payable on Dec. 19 to shareholders of record at the close of business on Dec. 15.
Maple Leaf completed the spinoff of its pork operations earlier this year.
Shares in the company closed at $25.30 on the Toronto Stock Exchange on Friday.