Tyson Foods, Inc. (TSN) to Issue Quarterly Dividend of $0.51 on June 15th

Tyson Foods, Inc. (NYSE:TSNGet Free Report) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Monday, June 1st will be given a dividend of 0.51 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, June 1st.

Tyson Foods has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 13 years. Tyson Foods has a payout ratio of 50.1% 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 $2.04 annual dividend with an expected future payout ratio of 49.8%.

Tyson Foods Stock Up 0.2%

TSN stock opened at $65.11 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $59.68 and a 200-day simple moving average of $56.22. The company has a market capitalization of $22.99 billion, a P/E ratio of 116.26, a PEG ratio of 1.43 and a beta of 0.48. Tyson Foods has a twelve month low of $50.56 and a twelve month high of $66.15.

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

Key Tyson Foods News

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Tyson Foods Company Profile

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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.

See Also

Dividend History for Tyson Foods (NYSE:TSN)

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