Tyson Foods, Inc. (NYSE:TSN) Declares Quarterly Dividend of $0.51

Tyson Foods, Inc. (NYSE:TSNGet Free Report) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Monday, June 1st will be given a dividend of 0.51 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, June 1st.

Tyson Foods has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Tyson Foods has a payout ratio of 50.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tyson Foods to earn $4.10 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 49.8%.

Tyson Foods Price Performance

Shares of NYSE TSN traded up $0.11 during mid-day trading on Thursday, reaching $65.11. The company had a trading volume of 1,945,079 shares, compared to its average volume of 3,172,584. The business’s 50-day simple moving average is $59.53 and its 200 day simple moving average is $56.16. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 116.26, a PEG ratio of 1.45 and a beta of 0.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. Tyson Foods has a one year low of $50.56 and a one year high of $66.15.

Tyson Foods (NYSE:TSNGet Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. On average, research analysts predict that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Key Tyson Foods News

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Tyson Foods Company Profile

(Get Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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Dividend History for Tyson Foods (NYSE:TSN)

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