Tyson Foods, Inc. (TSN) to Issue $0.30 Quarterly Dividend

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Thursday, August 9th, RTT News reports. Shareholders of record on Friday, November 30th will be given a dividend of 0.30 per share on Friday, December 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 29th.

Tyson Foods has raised its dividend by an average of 44.2% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Tyson Foods has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Tyson Foods to earn $6.67 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 22.5%.

NYSE TSN opened at $58.89 on Friday. The firm has a market capitalization of $21.56 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.90 and a beta of 0.17. Tyson Foods has a 12-month low of $56.79 and a 12-month high of $84.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.43.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.25. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Tyson Foods had a net margin of 7.55% and a return on equity of 18.39%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. As a group, equities analysts anticipate that Tyson Foods will post 5.95 earnings per share for the current year.

A number of research firms have issued reports on TSN. Mizuho reaffirmed a “buy” rating and issued a $78.00 price target on shares of Tyson Foods in a report on Wednesday, November 14th. Pivotal Research reaffirmed a “sell” rating and issued a $40.00 price target on shares of Tyson Foods in a report on Monday, August 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Monday, August 6th. Stephens cut their price objective on shares of Tyson Foods to $73.00 and set an “overweight” rating on the stock in a research note on Monday, July 30th. They noted that the move was a valuation call. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $73.14.

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About Tyson Foods

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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