Smithfield Foods, Inc. (NASDAQ:SFD) Plans $0.31 Quarterly Dividend

Smithfield Foods, Inc. (NASDAQ:SFD) announced a quarterly dividend on Thursday, April 30th. Investors of record on Thursday, May 14th will be paid a dividend of 0.3125 per share on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, May 14th.

Smithfield Foods has a payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Smithfield Foods to earn $2.63 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 47.5%.

Smithfield Foods Stock Up 0.9%

Smithfield Foods stock opened at $26.53 on Friday. Smithfield Foods has a 52-week low of $21.08 and a 52-week high of $29.81. The company has a market cap of $10.44 billion, a P/E ratio of 10.50 and a beta of -0.33. The business has a 50-day simple moving average of $26.31 and a two-hundred day simple moving average of $23.87.

Smithfield Foods (NASDAQ:SFD) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts anticipate that Smithfield Foods will post 2.72 EPS for the current fiscal year.

About Smithfield Foods

Smithfield Foods, Inc (NASDAQ: SFD) is one of the world’s largest pork processors and hog producers. Founded in 1936 in Smithfield, Virginia, the company has grown from a regional ham producer into a fully integrated food company offering a broad range of fresh pork, value-added meats and prepared foods. Its product portfolio includes bacon, ham, sausage, ribs and deli meats marketed under well-known brands such as Smithfield®, Nathan’s Famous® and Eckrich®.

Smithfield operates a network of hog production facilities, processing plants and distribution centers across the United States, Europe and Latin America.