Tyson Foods, Inc. (NYSE:TSN) Announces $0.50 Quarterly Dividend

Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.50 per share on Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 3.48%.

Tyson Foods has increased its dividend payment by an average of 3.0% per year over the last three years and has raised its dividend every year for the last 14 years. Tyson Foods has a payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tyson Foods to earn $4.12 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 48.5%.

Tyson Foods Trading Up 0.6 %

NYSE TSN traded up $0.32 on Thursday, hitting $57.41. 1,578,557 shares of the company were exchanged, compared to its average volume of 2,456,601. The company’s 50 day moving average price is $58.41 and its 200-day moving average price is $60.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The firm has a market capitalization of $20.43 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. Tyson Foods has a twelve month low of $51.16 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.03% and a net margin of 1.50%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. Analysts predict that Tyson Foods will post 3.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of research analyst reports. Stephens upped their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday. BMO Capital Markets upped their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Citigroup decreased their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $61.10.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the transaction, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Noel W. White sold 171,057 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the completion of the sale, the director now directly owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,814 shares of company stock valued at $26,450,955. Corporate insiders own 2.03% of the company’s stock.

Tyson Foods Company Profile

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.