Seaboard Corporation (NYSEAMERICAN:SEB) Plans Dividend of $2.25

Key Points

• Seaboard Corporation has announced a dividend of $2.25 per share, set to be paid on August 18th to shareholders of record as of August 11th, with an ex-dividend date of August 8th.
• The stock is currently priced at $3,167.18 and has shown a 28.0% yield from the upcoming dividend.
• Seaboard also initiated a $100 million share buyback plan, indicating that the board believes the stock is undervalued.

Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report) announced a dividend on Friday, August 1st, investing.com reports. Shareholders of record on Monday, August 11th will be given a dividend of 2.25 per share on Monday, August 18th. This represents a yield of 28.0%. The ex-dividend date is Friday, August 8th.

Seaboard Price Performance

SEB opened at $3,167.18 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.40 and a debt-to-equity ratio of 0.20. Seaboard has a 52-week low of $2,365.00 and a 52-week high of $3,300.00. The company has a 50 day moving average of $2,893.05 and a two-hundred day moving average of $2,677.84. The company has a market cap of $3.07 billion, a P/E ratio of 22.10 and a beta of 0.15.

Seaboard declared that its board has approved a share buyback plan on Wednesday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.

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