Seaboard Co. (NYSEAMERICAN:SEB) to Issue $2.25 Quarterly Dividend

Seaboard Co. (NYSEAMERICAN:SEB) declared a quarterly dividend on Tuesday, July 30th, Wall Street Journal reports. Shareholders of record on Friday, August 9th will be paid a dividend of 2.25 per share on Monday, August 19th. This represents a $9.00 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Friday, August 9th.

Seaboard Stock Up 1.8 %

Seaboard stock traded up $56.93 during midday trading on Wednesday, hitting $3,247.91. 1,431 shares of the company’s stock were exchanged, compared to its average volume of 3,095. Seaboard has a 12 month low of $2,955.33 and a 12 month high of $3,862.00. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 13.49 and a beta of 0.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.55.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $22.66 earnings per share (EPS) for the quarter. The company had revenue of $2.19 billion during the quarter. Seaboard had a net margin of 2.85% and a return on equity of 5.41%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Seaboard from a “hold” rating to a “buy” rating in a research report on Friday, May 10th.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.