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

Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.51 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st.

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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tyson Foods to earn $4.64 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 44.0%.

Tyson Foods Stock Performance

NYSE TSN opened at $67.39 on Friday. Tyson Foods has a 1 year low of $50.56 and a 1 year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.66. The firm has a market cap of $23.73 billion, a price-to-earnings ratio of 53.06, a PEG ratio of 1.41 and a beta of 0.40. The company has a fifty day moving average price of $63.35 and a 200-day moving average price of $60.08.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods will post 4.08 EPS 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.