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

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

Tyson Foods has increased its dividend payment by an average of 3.2% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Tyson Foods has a dividend payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.1%

TSN traded up $0.63 during trading on Monday, hitting $55.93. 3,291,204 shares of the stock traded hands, compared to its average volume of 2,382,892. The firm 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. 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 firm has a 50-day moving average of $60.33 and a 200 day moving average of $59.66. Tyson Foods has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The business had revenue of $13.07 billion during 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%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 EPS. Equities research analysts anticipate that Tyson Foods will post 3.8 EPS for the current year.

Analyst Upgrades and Downgrades

TSN has been the subject of several research reports. Citigroup increased their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Finally, Stephens reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price 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.