Tyson Foods, Inc. (TSN) to Issue Quarterly Dividend of $0.50 on June 13th

Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.50 per share on Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, May 30th.

Tyson Foods has raised its dividend by an average of 3.0% annually over the last three years and has increased its dividend every year for the last 14 years. Tyson Foods has a payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tyson Foods to earn $4.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 48.8%.

Tyson Foods Stock Performance

Shares of TSN opened at $57.97 on Friday. The business has a 50-day simple moving average of $58.27 and a two-hundred day simple moving average of $60.24. The company has a quick ratio of 0.95, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.72 and a beta of 0.80. Tyson Foods has a 52 week low of $51.16 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter last year, the business posted $0.69 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Tyson Foods will post 3.8 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Bank of America reduced their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Barclays lowered their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday. Finally, Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.10.

Insiders Place Their Bets

In other news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the sale, the insider now directly owns 10,625 shares in the company, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 over the last 90 days. Company insiders own 2.03% of the company’s stock.

Tyson Foods Company Profile

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.