Tyson Foods, Inc. (NYSE:TSN) Plans Quarterly Dividend of $0.51

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.51 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, June 1st.

Tyson Foods has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 13 years. Tyson Foods has a dividend payout ratio of 50.1% 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 $2.04 annual dividend with an expected future payout ratio of 49.8%.

Tyson Foods Stock Performance

NYSE TSN traded up $0.11 during trading hours on Thursday, hitting $65.11. 1,945,467 shares of the stock were exchanged, compared to its average volume of 3,172,603. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market cap of $22.99 billion, a price-to-earnings ratio of 116.26, a price-to-earnings-growth ratio of 1.45 and a beta of 0.48. Tyson Foods has a 12-month low of $50.56 and a 12-month high of $66.15. The stock has a 50-day moving average of $59.53 and a 200 day moving average of $56.16.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. As a group, equities research analysts forecast that Tyson Foods will post 3.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TSN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Bank of America reduced their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.27.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.