Canada Packers Inc. said it would pay a quarterly dividend of 23 cents per share as the pork business spun off by Maple Leaf Foods last month reported a third-quarter profit of $25.6 million.
The company says the result for the quarter ended Sept. 30 compared with a profit of $19.4 million in the same quarter last year.
Sales for the three-month period while it remained under the Maple Leaf umbrella totalled $481.8 million, up from $420.2 million a year ago.
Canada Packers was spun off from Maple Leaf as an independent publicly traded company on Oct. 1.
The new stand-alone company is focused on hog production and processing.
Maple Leaf kept a 16 per cent stake in Canada Packers and the two companies have entered into an evergreen supply agreement.
This report by The Canadian Press was first published Nov. 5, 2025.
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