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

Key Points

• Tyson Foods declared a quarterly dividend of $0.51 per share, payable December 15 to shareholders of record on December 1. The dividend carries an annualized value of $2.04 per share and a 3.5% yield.
• Tyson has increased its dividend for 13 consecutive years, with a current payout ratio of 50.1%; analysts expect the dividend to remain covered by projected earnings.
• In its latest quarter, Tyson reported $0.99 in earnings per share, matching estimates, while revenue of $13.87 billion fell short of the $14.07 billion consensus estimate. Shares traded down 0.3% to $58.37.

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

Tyson Foods has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Tyson Foods has a payout ratio of 50.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 0.3%

Shares of TSN traded down $0.17 during mid-day trading on Friday, reaching $58.37. The company had a trading volume of 979,264 shares, compared to its average volume of 3,123,540. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 1.43. The firm has a 50-day moving average price of $57.99 and a 200 day moving average price of $61.83. Tyson Foods has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Tyson Foods will post 4.03 EPS for the current year.

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.

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