Smithfield Foods, Inc. to Issue Quarterly Dividend of $0.31 (NASDAQ:SFD)

Smithfield Foods, Inc. (NASDAQ:SFD) declared a quarterly dividend on Thursday, July 30th. Investors of record on Thursday, August 13th will be given a dividend of 0.3125 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, August 13th.

Smithfield Foods has a payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Smithfield Foods to earn $2.55 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 49.0%.

Smithfield Foods Stock Performance

Shares of SFD stock opened at $26.59 on Friday. The stock’s 50-day moving average price is $25.67 and its 200 day moving average price is $25.55. The company has a quick ratio of 1.29, a current ratio of 2.41 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $10.46 billion, a PE ratio of 10.39 and a beta of -0.41. Smithfield Foods has a 52-week low of $21.08 and a 52-week high of $29.81.

Smithfield Foods (NASDAQ:SFD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Smithfield Foods had a return on equity of 15.54% and a net margin of 6.48%.The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts forecast that Smithfield Foods will post 2.7 EPS for the current year.

Smithfield Foods Company Profile

Smithfield Foods, Inc (NASDAQ: SFD) is one of the world’s largest pork processors and hog producers. Founded in 1936 in Smithfield, Virginia, the company has grown from a regional ham producer into a fully integrated food company offering a broad range of fresh pork, value-added meats and prepared foods. Its product portfolio includes bacon, ham, sausage, ribs and deli meats marketed under well-known brands such as Smithfield®, Nathan’s Famous® and Eckrich®.

Smithfield operates a network of hog production facilities, processing plants and distribution centers across the United States, Europe and Latin America.