Smithfield Foods, Inc. (SFD) To Go Ex-Dividend on August 13th

Smithfield Foods, Inc. (NASDAQ:SFD) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.3125 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, August 13th.

Smithfield Foods has a dividend payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Smithfield Foods to earn $2.55 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 49.0%.

Smithfield Foods Price Performance

NASDAQ SFD opened at $26.04 on Friday. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 10.17 and a beta of -0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.41 and a quick ratio of 1.29. The stock’s fifty day moving average price is $25.66 and its 200 day moving average price is $25.56. Smithfield Foods has a 1 year low of $21.08 and a 1 year high of $29.81.

Institutional Trading of Smithfield Foods

A number of hedge funds have recently added to or reduced their stakes in SFD. Royal Bank of Canada acquired a new stake in Smithfield Foods in the 1st quarter valued at $1,456,000. Goldman Sachs Group Inc. acquired a new position in Smithfield Foods during the first quarter worth $3,195,000. Cetera Investment Advisers purchased a new position in Smithfield Foods during the second quarter valued at $485,000. JPMorgan Chase & Co. lifted its holdings in Smithfield Foods by 7,016.0% during the second quarter. JPMorgan Chase & Co. now owns 36,363 shares of the company’s stock valued at $856,000 after purchasing an additional 35,852 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Smithfield Foods by 267.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 53,025 shares of the company’s stock valued at $1,248,000 after purchasing an additional 38,580 shares during the period.

Smithfield Foods Company Profile

Smithfield Foods, Inc (NASDAQ: SFD) is one of the world’s largest pork processors and hog producers. Founded in 1936 in Smithfield, Virginia, the company has grown from a regional ham producer into a fully integrated food company offering a broad range of fresh pork, value-added meats and prepared foods. Its product portfolio includes bacon, ham, sausage, ribs and deli meats marketed under well-known brands such as Smithfield®, Nathan’s Famous® and Eckrich®.

Smithfield operates a network of hog production facilities, processing plants and distribution centers across the United States, Europe and Latin America.