Conagra Brands Announces Quarterly Dividend of $0.17 (NYSE:CAG)

Conagra Brands (NYSE:CAG) declared a quarterly dividend on Wednesday, July 15th. Investors of record on Thursday, July 30th will be given a dividend of 0.175 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, July 30th.

Conagra Brands has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Conagra Brands has a payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Conagra Brands to earn $1.65 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 84.8%.

Conagra Brands Trading Down 0.1%

Shares of Conagra Brands stock opened at $14.14 on Thursday. Conagra Brands has a fifty-two week low of $12.53 and a fifty-two week high of $20.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.30 and a current ratio of 0.90. The company has a market capitalization of $6.76 billion, a P/E ratio of -141.35 and a beta of -0.02. The company has a fifty day moving average of $13.60 and a 200 day moving average of $15.74.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. On average, sell-side analysts anticipate that Conagra Brands will post 1.7 earnings per share for the current fiscal year.

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.