Smithfield Foods, Inc. (NASDAQ:SFD) Plans Quarterly Dividend of $0.25

Key Points

• Smithfield Foods, Inc. has announced a quarterly dividend of $0.25 per share, which will be paid on August 28th to stockholders of record on August 14th, offering a dividend yield of 4.1%.
• The company reported a 9.5% year-over-year increase in revenue, achieving $3.77 billion for the quarter, and had an earnings per share (EPS) of $0.58, exceeding estimates by $0.11.
• As of Thursday, Smithfield's stock (NASDAQ:SFD) traded at $24.12, with a market cap of $9.48 billion and a P/E ratio of 10.63.

Smithfield Foods, Inc. (NASDAQ:SFD - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Thursday, August 14th will be paid a dividend of 0.25 per share on Thursday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, August 14th.

Smithfield Foods has a payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings.

Smithfield Foods Stock Up 1.8%

SFD stock traded up $0.43 during midday trading on Monday, hitting $24.75. The stock had a trading volume of 247,688 shares, compared to its average volume of 701,371. The firm has a market capitalization of $9.73 billion and a price-to-earnings ratio of 10.90. Smithfield Foods has a 52 week low of $18.43 and a 52 week high of $24.87. The stock's 50-day simple moving average is $23.64.

Smithfield Foods Company Profile

Smithfield Foods, Inc produces and markets a variety of fresh meat and packaged meats products both domestically and internationally. The Company operates in four segments: Pork, Hog Production, International and Corporate, each of which consists of a number of subsidiaries, joint ventures and other investments.