Tyson Foods, Inc. (NYSE:TSN) Declares Quarterly Dividend of $0.50

Key Points

• Tyson Foods, Inc. has declared a quarterly dividend of $0.50 per share, set to be paid on December 15 to stockholders of record on December 1, with an annualized dividend yield of 3.6%.
• The company reported a quarterly earnings per share of $0.91, exceeding analyst expectations of $0.72, along with a year-over-year revenue increase of 4.0% to $13.88 billion.
• Tyson Foods has a payout ratio of 49.1%, indicating that its dividend is well supported by earnings, with projected earnings of $4.10 per share for the next year.

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Stockholders of record on Monday, December 1st will be paid a dividend of 0.50 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

Tyson Foods has a payout ratio of 49.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tyson Foods to earn $4.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 48.8%.

Tyson Foods Stock Up 0.4%

TSN stock traded up $0.22 during mid-day trading on Thursday, hitting $56.29. 2,406,990 shares of the company were exchanged, compared to its average volume of 2,737,211. The firm has a fifty day simple moving average of $54.86 and a 200 day simple moving average of $57.55. Tyson Foods has a twelve month low of $51.85 and a twelve month high of $66.88. The company has a market capitalization of $20.05 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.73 and a beta of 0.59. The company has a current ratio of 1.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%. The business had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tyson Foods

Several institutional investors and hedge funds have recently modified their holdings of TSN. Park Square Financial Group LLC acquired a new position in Tyson Foods during the 4th quarter worth approximately $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of Tyson Foods in the 1st quarter worth approximately $28,000. Curat Global LLC bought a new stake in Tyson Foods in the first quarter worth about $28,000. NewSquare Capital LLC boosted its stake in shares of Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company's stock worth $29,000 after acquiring an additional 326 shares in the last quarter. Finally, Matrix Trust Co boosted its holdings in shares of Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company's stock worth $32,000 after buying an additional 564 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

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