Sanderson Farms Inc. (SAFM) Declares Quarterly Dividend of $0.20
Sanderson Farms (NASDAQ:SAFM) declared a quarterly dividend on Thursday, April 24th, Analyst Ratings Network.com reports. Shareholders of record on Tuesday, May 6th will be given a dividend of 0.20 per share on Tuesday, May 20th. This represents a $0.80 dividend on an annualized basis and a yield of 0.97%.
A number of research firms have recently commented on SAFM. Analysts at Zacks downgraded shares of Sanderson Farms from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $82.80 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Sanderson Farms from $69.00 to $75.00 in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Sanderson Farms presently has a consensus rating of “Buy” and a consensus price target of $73.20.
Sanderson Farms (NASDAQ:SAFM) traded up 0.08% on Thursday, hitting $82.45. 50,291 shares of the company’s stock traded hands. Sanderson Farms has a 52 week low of $59.29 and a 52 week high of $83.87. The stock’s 50-day moving average is $77.85 and its 200-day moving average is $71.7. The company has a market cap of $1.903 billion and a P/E ratio of 11.39.
Sanderson Farms (NASDAQ:SAFM) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.40. The company had revenue of $584.88 million for the quarter, compared to the consensus estimate of $573.11 million. On average, analysts predict that Sanderson Farms will post $6.85 earnings per share for the current fiscal year.
Sanderson Farms, Inc is a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products.
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