Cal-Maine Foods, Inc. (CALM) to Issue Quarterly Dividend of $0.72 on February 12th

Cal-Maine Foods, Inc. (NASDAQ:CALM) declared a quarterly dividend on Wednesday, January 7th. Shareholders of record on Wednesday, January 28th will be given a dividend of 0.72 per share by the basic materials company on Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, January 28th.

Cal-Maine Foods has a dividend payout ratio of 168.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Cal-Maine Foods to earn $4.69 per share next year, which means the company may not be able to cover its $5.51 annual dividend with an expected future payout ratio of 117.5%.

Cal-Maine Foods Trading Down 3.0%

NASDAQ CALM opened at $75.46 on Friday. The company has a market cap of $3.66 billion, a PE ratio of 3.19 and a beta of 0.26. Cal-Maine Foods has a 12 month low of $74.74 and a 12 month high of $126.40. The stock has a 50 day moving average of $84.88 and a 200-day moving average of $96.58.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, January 7th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $769.50 million during the quarter, compared to the consensus estimate of $828.46 million. Cal-Maine Foods had a net margin of 27.37% and a return on equity of 44.55%. The business’s revenue was down 19.4% on a year-over-year basis. During the same period last year, the business earned $4.47 EPS. As a group, sell-side analysts predict that Cal-Maine Foods will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.