Tyson Foods, Inc. (TSN) Announces $0.23 Quarterly Dividend
Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Thursday, August 10th, RTT News reports. Shareholders of record on Friday, December 1st will be paid a dividend of 0.225 per share on Friday, December 15th. This represents a $0.90 annualized dividend and a yield of 1.39%.
Tyson Foods has increased its dividend payment by an average of 44.2% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Tyson Foods has a dividend payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tyson Foods to earn $5.27 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 17.1%.
Shares of Tyson Foods (NYSE TSN) traded up 0.32% during mid-day trading on Thursday, reaching $64.87. The company’s stock had a trading volume of 3,295,236 shares. The company has a market capitalization of $23.80 billion, a price-to-earnings ratio of 13.68 and a beta of 0.26. Tyson Foods has a 1-year low of $55.72 and a 1-year high of $77.05. The company’s 50 day moving average price is $62.11 and its 200-day moving average price is $62.12.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts predict that Tyson Foods will post $5.06 earnings per share for the current fiscal year.
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TSN has been the topic of several recent analyst reports. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. ValuEngine cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $76.00 target price on shares of Tyson Foods in a research report on Tuesday, May 9th. Barclays PLC began coverage on Tyson Foods in a report on Tuesday, June 6th. They issued an “overweight” rating and a $70.00 price target on the stock. Finally, Credit Suisse Group began coverage on Tyson Foods in a report on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.79.
Tyson Foods Company Profile
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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