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

Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Monday, June 1st will be given a dividend of 0.51 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, June 1st.

Tyson Foods has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Tyson Foods has a dividend payout ratio of 50.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

TSN stock traded up $0.11 during midday trading on Thursday, reaching $65.11. 1,945,079 shares of the company’s stock traded hands, compared to its average volume of 3,172,584. Tyson Foods has a 52 week low of $50.56 and a 52 week high of $66.15. The company has a 50-day moving average price of $59.53 and a two-hundred day moving average price of $56.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The firm has a market capitalization of $22.99 billion, a PE ratio of 116.26, a price-to-earnings-growth ratio of 1.45 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last announced its quarterly 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 firm had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The company’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 earnings per share. As a group, equities analysts anticipate that Tyson Foods will post 3.8 EPS for the current 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.