Smithfield Foods, Inc. (NASDAQ:SFD) Shares Will Pay Quarterly Dividend of $0.31

Smithfield Foods, Inc. (NASDAQ:SFD) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.3125 per share on Wednesday, November 25th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, November 12th.

Smithfield Foods has a payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Smithfield Foods to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 83.3%.

Smithfield Foods Stock Up 0.5%

Shares of SFD opened at $18.55 on Friday. The company has a market capitalization of $7.30 billion, a PE ratio of 8.14 and a beta of -0.41. The company has a quick ratio of 1.34, a current ratio of 2.39 and a debt-to-equity ratio of 0.20. Smithfield Foods has a 52-week low of $17.91 and a 52-week high of $29.81. The stock has a fifty day simple moving average of $19.83 and a two-hundred day simple moving average of $24.02.

Smithfield Foods (NASDAQ:SFD) last released its earnings results on Tuesday, October 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $3.44 billion for the quarter. Smithfield Foods had a return on equity of 13.41% and a net margin of 5.94%. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. As a group, equities analysts forecast that Smithfield Foods will post 1.77 EPS for the current year.

Smithfield Foods Company Profile

Smithfield Foods, Inc is a food company engaged in pork production and the manufacture and sale of packaged meats. Its operations include hog production, fresh pork processing, and the preparation of bacon, ham, sausage, hot dogs, deli meats and other ready-to-cook or ready-to-eat products.

The company sells products under brands that include Smithfield, Eckrich, Nathan’s Famous and Farmland, as well as through private-label and foodservice channels. Its products are distributed through grocery retailers, restaurants, foodservice operators and other commercial customers in the United States and international markets.

Founded in Smithfield, Virginia, in 1936, Smithfield Foods expanded through acquisitions and became one of the world’s largest pork processors and hog producers.