Tyson Foods, Inc. (TSN) to Issue Quarterly Dividend of $0.50 on September 12th

Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Monday, May 12th, Wall Street Journal reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.50 per share on Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, August 29th.

Tyson Foods has raised its dividend payment by an average of 3.2% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Tyson Foods has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 1.1%

Shares of Tyson Foods stock opened at $55.37 on Wednesday. The business has a fifty day simple moving average of $60.13 and a two-hundred day simple moving average of $59.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.74 and a beta of 0.63. Tyson Foods has a 1 year low of $53.61 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Research analysts forecast that Tyson Foods will post 3.8 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. Finally, StockNews.com lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.63.

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.