Smithfield Foods, Inc. (NASDAQ:SFD – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, August 13th will be given a dividend of 0.3125 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, August 13th.
Smithfield Foods has a dividend payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Smithfield Foods to earn $2.55 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 49.0%.
Smithfield Foods Stock Performance
Shares of NASDAQ:SFD opened at $24.44 on Tuesday. The business has a 50-day moving average of $25.54 and a two-hundred day moving average of $25.66. The firm has a market capitalization of $9.62 billion, a PE ratio of 9.55 and a beta of -0.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.41 and a quick ratio of 1.29. Smithfield Foods has a 12 month low of $21.08 and a 12 month high of $29.81.
About Smithfield Foods
Smithfield Foods, Inc (NASDAQ: SFD) is one of the world’s largest pork processors and hog producers. Founded in 1936 in Smithfield, Virginia, the company has grown from a regional ham producer into a fully integrated food company offering a broad range of fresh pork, value-added meats and prepared foods. Its product portfolio includes bacon, ham, sausage, ribs and deli meats marketed under well-known brands such as Smithfield®, Nathan’s Famous® and Eckrich®.
Smithfield operates a network of hog production facilities, processing plants and distribution centers across the United States, Europe and Latin America.
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