Tyson Foods, Inc. (NYSE:TSN) Plans Dividend Increase – $0.42 Per Share

Tyson Foods, Inc. (NYSE:TSN) declared a dividend on Friday, August 9th, Fidelity reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.42 per share on Friday, December 13th. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Tyson Foods’s previous dividend of $0.08.

TSN stock opened at $88.63 on Tuesday. The firm has a market cap of $31.51 billion, a PE ratio of 16.23, a P/E/G ratio of 1.36 and a beta of 0.43. The company has a quick ratio of 0.56, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $83.89 and a 200-day moving average of $83.50. Tyson Foods has a 12-month low of $49.77 and a 12-month high of $94.11.

Tyson Foods (NYSE:TSN) last released its earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.93 billion. Tyson Foods had a net margin of 4.77% and a return on equity of 14.53%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. On average, research analysts expect that Tyson Foods will post 6.56 earnings per share for the current year.

In other Tyson Foods news, EVP Mary Oleksiuk sold 28,382 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $92.22, for a total transaction of $2,617,388.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.69% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their target price on Tyson Foods from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Bank of America upped their target price on Tyson Foods from $97.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. ValuEngine raised Tyson Foods from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research lowered Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 target price for the company. in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. set a $83.00 target price on Tyson Foods and gave the company a “hold” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Tyson Foods has an average rating of “Buy” and a consensus target price of $88.42.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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Dividend History for Tyson Foods (NYSE:TSN)

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