Tyson Foods, Inc. (TSN) Declares $0.23 Quarterly Dividend
Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Friday, May 12th. Investors of record on Friday, September 1st will be paid a dividend of 0.225 per share on Friday, September 15th. This represents a $0.90 annualized dividend and a yield of 1.55%.
Tyson Foods has raised its dividend payment by an average of 44.2% per year over the last three years and has raised its dividend every year for the last 5 years. Tyson Foods has a dividend payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tyson Foods to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 18.2%.
Shares of Tyson Foods (NYSE:TSN) traded up 0.33% on Friday, reaching $58.24. 2,841,665 shares of the company traded hands. Tyson Foods has a one year low of $55.72 and a one year high of $77.05. The company has a market capitalization of $21.37 billion, a P/E ratio of 12.17 and a beta of 0.17. The firm’s 50 day moving average is $62.87 and its 200 day moving average is $63.34.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 8th. The company reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.05. Tyson Foods had a net margin of 5.15% and a return on equity of 19.03%. The firm had revenue of $9.08 billion for the quarter, compared to analyst estimates of $9.07 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts expect that Tyson Foods will post $4.96 earnings per share for the current fiscal year.
In related news, COO Noel W. White sold 116,678 shares of Tyson Foods stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $62.44, for a total value of $7,285,374.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.65% of the stock is owned by insiders.
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A number of analysts have recently commented on the company. Vetr lowered Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $72.50 price target on the stock. in a research note on Wednesday, February 8th. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday. Argus lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Monday. Finally, Royal Bank of Canada reissued a “hold” rating and set a $68.00 price target on shares of Tyson Foods in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $70.45.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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