Tyson Foods, Inc. (TSN) to Distribute Quarterly Dividend of $0.51 on December 15th

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Tuesday, December 1st will be paid a dividend of 0.51 per share on Tuesday, December 15th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 1st.

Tyson Foods has raised its dividend payment by an average of 0.0%per year over the last three years and has raised 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. Analysts expect Tyson Foods to earn $4.49 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 45.4%.

Tyson Foods Stock Performance

Shares of TSN stock opened at $57.98 on Friday. The firm has a 50 day moving average of $57.92 and a two-hundred day moving average of $61.80. The stock has a market capitalization of $20.42 billion, a PE ratio of 35.79, a P/E/G ratio of 1.25 and a beta of 0.40. The company has a quick ratio of 0.70, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. Tyson Foods has a 52 week low of $50.56 and a 52 week high of $69.48.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, research analysts predict that Tyson Foods will post 3.95 EPS for the current fiscal year.

About Tyson Foods

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.