Conagra Brands (NYSE:CAG) Plans Quarterly Dividend of $0.17

Conagra Brands (NYSE:CAG) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, November 5th will be given a dividend of $0.1750 per share on Thursday, December 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, November 5th.

Conagra Brands has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Conagra Brands has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Conagra Brands to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 44.6%.

Conagra Brands Stock Performance

Shares of CAG opened at $14.66 on Friday. The firm has a market capitalization of $7.01 billion, a P/E ratio of -3.66 and a beta of -0.01. Conagra Brands has a 52 week low of $12.53 and a 52 week high of $20.32. The stock has a 50 day moving average price of $15.29 and a two-hundred day moving average price of $14.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.31 and a current ratio of 0.90.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the company earned $0.56 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Equities analysts forecast that Conagra Brands will post 1.45 earnings per share for the current fiscal year.

About Conagra Brands

Conagra Brands, Inc is a packaged food company that develops, manufactures and markets branded and private-label food products primarily in North America. Its portfolio spans frozen meals and sides, snacks, shelf-stable foods, condiments, refrigerated foods and cooking products, serving retail grocery, foodservice and other distribution channels.

Its well-known brands include Birds Eye, Healthy Choice, Banquet, Marie Callender’s, Duncan Hines, Reddi-wip, Slim Jim, Vlasic, Hunt’s and PAM.