Tyson Foods, Inc. (TSN) to Issue Quarterly Dividend of $0.51 on March 13th

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Friday, November 7th. Investors of record on Friday, February 27th will be paid a dividend of 0.51 per share on Friday, March 13th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, February 27th. This is a 2.0% increase from Tyson Foods’s previous quarterly dividend of $0.50.

Tyson Foods has raised its dividend payment by an average of 0.0%annually 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 50.1% meaning 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 $2.04 annual dividend with an expected future payout ratio of 49.8%.

Tyson Foods Stock Performance

Shares of TSN traded down $1.52 during trading hours on Wednesday, hitting $61.90. The company’s stock had a trading volume of 1,366,859 shares, compared to its average volume of 2,932,406. The business has a 50 day simple moving average of $61.32 and a two-hundred day simple moving average of $57.15. Tyson Foods has a 52-week low of $50.56 and a 52-week high of $66.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 110.59, a PEG ratio of 1.39 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. During the same period in the previous year, the firm earned $1.14 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Barclays raised their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. BMO Capital Markets lifted their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Argus raised shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and an average target price of $64.27.

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.