May 14 (Reuters) - High Liner Foods Inc HLF.TO :
* HIGH LINER FOODS REPORTS OPERATING RESULTS FOR THE FIRST QUARTER OF 2019
* Q1 SALES C$277.4 MILLION VERSUS C$319.2 MILLION
* COMPANY REDUCES DIVIDEND AND INCREASES COST SAVINGS TARGET TO REDUCE DEBT
* SETS QUARTERLY DIVIDEND OF C$0.05PER SHARE
* Q1 ADJUSTED EARNINGS PER SHARE C$0.44 EXCLUDING ITEMS
* QTRLY DILUTED EARNINGS PER SHARE INCREASED TO $0.43
* Q1 EARNINGS PER SHARE C$0.43
* EXPECT NET DEBT TO ROLLING TWELVE-MONTH ADJUSTED EBITDA WILL CONTINUE TO IMPROVE THROUGHOUT 2019
* CONTINUE TO FACE ONGOING VOLUME DECLINES.
* U.S. IMPORT TARIFFS ARE NOT EXPECTED TO HAVE A SIGNIFICANT FINANCIAL IMPACT ON CO