Tyson Foods, Inc. (TSN) To Go Ex-Dividend on June 1st

Tyson Foods, Inc. (NYSE:TSN – Get Free Report) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.51 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st.

Tyson Foods has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 13 years. Tyson Foods has a payout ratio of 50.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tyson Foods to earn $4.65 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 43.9%.

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Tyson Foods Trading Down 1.3%

Shares of Tyson Foods stock opened at $61.20 on Friday. Tyson Foods has a 12-month low of $50.56 and a 12-month high of $69.48. The stock has a market cap of $21.55 billion, a P/E ratio of 48.19, a P/E/G ratio of 1.27 and a beta of 0.40. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $64.55 and its 200-day moving average is $61.57.

Tyson Foods (NYSE:TSN – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Tyson Foods will post 4.1 earnings per share for the current fiscal year.

About Tyson Foods

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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.

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