Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Thursday, March 1st will be given a dividend of 0.30 per share on Thursday, March 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23.
Tyson Foods has raised its dividend by an average of 44.2% per year over the last three years and has increased its dividend every year for the last 5 years. Tyson Foods has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tyson Foods to earn $5.83 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 15.4%.
Tyson Foods (NYSE TSN) traded up $1.45 during trading hours on Tuesday, hitting $75.59. The company had a trading volume of 5,475,200 shares, compared to its average volume of 2,654,427. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $26,636.80, a P/E ratio of 15.32 and a beta of 0.30. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $75.82.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.93 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts predict that Tyson Foods will post 5.25 earnings per share for the current year.
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In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $0.53, for a total value of $56,849.92. 2.65% of the stock is owned by corporate insiders.
TSN has been the topic of several analyst reports. Zacks Investment Research cut Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 28th. KeyCorp initiated coverage on Tyson Foods in a research note on Tuesday, October 31st. They set an “overweight” rating and a $82.00 price objective on the stock. Credit Suisse Group AG initiated coverage on Tyson Foods in a research note on Wednesday, July 19th. They set a “neutral” rating and a $65.00 price objective on the stock. BidaskClub raised Tyson Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC set a $85.00 price objective on Tyson Foods and gave the stock a “buy” rating in a research note on Monday, October 30th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Tyson Foods has a consensus rating of “Buy” and a consensus price target of $72.45.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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