Tyson Foods, Inc. (NYSE:TSN) to Issue Quarterly Dividend of $0.50

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Monday, May 12th, Wall Street Journal reports. Investors of record on Friday, August 29th will be paid a dividend of 0.50 per share on Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, August 29th.

Tyson Foods has raised its dividend by an average of 3.2% 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 49.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tyson Foods to earn $4.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 48.8%.

Tyson Foods Stock Down 1.1%

Shares of NYSE TSN opened at $55.37 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a market capitalization of $19.72 billion, a P/E ratio of 18.71, a PEG ratio of 0.74 and a beta of 0.63. The stock’s fifty day moving average is $60.13 and its 200 day moving average is $59.61. Tyson Foods has a 52 week low of $53.61 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. During the same period last year, the company posted $0.62 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts forecast that Tyson Foods will post 3.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSN has been the subject of several research analyst reports. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Tuesday, May 6th. Finally, Stephens reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $62.63.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.