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

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) declared a quarterly dividend on Monday, May 12th, Wall Street Journal reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.50 per share on Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, August 29th.

Tyson Foods has increased its dividend by an average of 3.2% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Tyson Foods has a dividend payout ratio of 49.0% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of NYSE TSN traded up $0.63 during trading on Monday, reaching $55.93. 3,291,204 shares of the stock traded hands, compared to its average volume of 2,382,892. Tyson Foods has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a 50-day moving average of $60.33 and a 200-day moving average of $59.66. The stock has a market capitalization of $19.92 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. Analysts forecast that Tyson Foods will post 3.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSN. Citigroup upped their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. Finally, StockNews.com lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.63.

About Tyson Foods

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.