Smithfield Foods, Inc. (NASDAQ:SFD – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.3125 per share on Wednesday, November 25th. This represents a $1.25 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Thursday, November 12th.
Smithfield Foods has a dividend payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. 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 Price Performance
Shares of SFD stock opened at $19.52 on Tuesday. The stock’s fifty day moving average is $19.39 and its 200-day moving average is $23.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.20 and a current ratio of 2.39. The stock has a market capitalization of $7.69 billion, a PE ratio of 8.39 and a beta of -0.39. Smithfield Foods has a 52 week low of $17.91 and a 52 week high of $29.81.
Smithfield Foods (NASDAQ:SFD – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $3.44 billion during the quarter. Smithfield Foods had a return on equity of 13.41% and a net margin of 5.94%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts expect that Smithfield Foods will post 1.77 EPS for the current fiscal year.
Smithfield Foods Company Profile
Smithfield Foods is a U.S.-based food company focused on pork production and packaged meats. Its operations span hog farming, meat processing and the manufacture and marketing of fresh pork and prepared foods.
The company sells products under brands including Smithfield, Eckrich, Farmland, Armour and Cook’s. Its offerings include fresh pork, bacon, ham, sausage, hot dogs and other packaged meat products for retail, food-service and wholesale customers.
Founded in 1936 in Smithfield, Virginia, the company has grown from a regional meat processor into a major pork producer.
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