Tyson Foods, Inc. (TSN) to Issue Quarterly Dividend of $0.51 on March 13th

Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Friday, November 7th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.51 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, February 27th. This is a 2.0% increase from Tyson Foods’s previous quarterly dividend of $0.50.

Tyson Foods has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Tyson Foods has a payout ratio of 50.1% meaning 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 Tyson Foods stock traded down $1.27 on Wednesday, hitting $62.16. The company’s stock had a trading volume of 1,162,428 shares, compared to its average volume of 2,926,022. The company has a market capitalization of $21.88 billion, a P/E ratio of 111.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.48. Tyson Foods has a 52-week low of $50.56 and a 52-week high of $66.41. The firm has a fifty day moving average price of $61.32 and a 200-day moving average price of $57.15. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The company had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. On average, equities research analysts expect that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

About Tyson Foods

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.