Tyson Foods, Inc. (TSN) Raises Dividend to $0.38 Per Share

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Wednesday, November 14th, Wall Street Journal reports. Shareholders of record on Friday, March 1st will be given a dividend of 0.375 per share on Friday, March 15th. This represents a $1.50 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, February 28th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.30.

Tyson Foods has increased its dividend by an average of 44.2% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Tyson Foods has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tyson Foods to earn $6.03 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 19.9%.

NYSE TSN opened at $58.76 on Thursday. The firm has a market cap of $22.55 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.93 and a beta of 0.17. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. Tyson Foods has a fifty-two week low of $56.79 and a fifty-two week high of $84.65.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Tuesday, November 13th. The company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.25. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.30 billion. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. Equities analysts anticipate that Tyson Foods will post 5.92 EPS for the current year.

TSN has been the topic of a number of recent research reports. Barclays lowered their price objective on Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research note on Tuesday, July 31st. Pivotal Research reissued a “sell” rating and set a $40.00 price objective on shares of Tyson Foods in a research note on Monday, August 6th. BMO Capital Markets lowered their price objective on Tyson Foods from $89.00 to $82.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. Finally, ValuEngine raised Tyson Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.31.

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Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.

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Dividend History for Tyson Foods (NYSE:TSN)

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