Tyson Foods, Inc. (TSN) to Issue Quarterly Dividend of $0.50 on March 14th

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Friday, November 8th, NASDAQ Dividends reports. Investors of record on Friday, February 28th will be given a dividend of 0.50 per share on Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, February 28th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49.

Tyson Foods has increased its dividend by an average of 3.2% per year over the last three years and has raised its dividend every year for the last 13 years. Tyson Foods has a dividend payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. Equities 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 1.5 %

Shares of NYSE TSN traded down $0.94 during mid-day trading on Wednesday, reaching $60.40. The company had a trading volume of 276,378 shares, compared to its average volume of 2,480,842. The firm has a 50 day simple moving average of $57.28 and a two-hundred day simple moving average of $60.02. Tyson Foods has a 52-week low of $52.11 and a 52-week high of $66.88. The stock has a market cap of $21.51 billion, a P/E ratio of 20.38, a PEG ratio of 0.74 and a beta of 0.80. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that Tyson Foods will post 3.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research reports. Stephens lifted their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets increased their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.10.

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.