Tyson Foods, Inc. Announces Quarterly Dividend of $0.51 (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, December 1st will be given a dividend of 0.51 per share on Tuesday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 1st.

Tyson Foods has increased its dividend by an average of 0.0%per year 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tyson Foods to earn $4.49 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 45.4%.

Tyson Foods Price Performance

TSN stock traded down $0.17 during trading on Friday, reaching $58.37. The company’s stock had a trading volume of 979,264 shares, compared to its average volume of 3,123,540. The company has a quick ratio of 0.70, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $57.99 and its 200-day moving average is $61.83. The company has a market capitalization of $20.55 billion, a P/E ratio of 36.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40. Tyson Foods has a 1 year low of $50.56 and a 1 year high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, research analysts expect that Tyson Foods will post 4.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on TSN. Weiss Ratings downgraded Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Piper Sandler restated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Finally, Bank of America reduced their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $70.67.

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.