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

Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, December 1st will be paid a dividend of 0.51 per share on Tuesday, December 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, December 1st.

Tyson Foods has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 13 years. Tyson Foods has a dividend payout ratio of 50.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tyson Foods to earn $4.49 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 45.4%.

Tyson Foods Stock Performance

TSN stock traded down $0.32 during midday trading on Friday, hitting $58.22. The company’s stock had a trading volume of 1,031,147 shares, compared to its average volume of 3,123,792. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.22 and a beta of 0.40. The company has a quick ratio of 0.70, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $57.99 and its 200 day moving average price is $61.83. Tyson Foods has a 1 year low of $50.56 and a 1 year high of $69.48.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. On average, equities analysts forecast that Tyson Foods will post 4.03 EPS for the current year.

Tyson Foods Company Profile

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.