Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Wednesday, February 6th, RTT News reports. Investors of record on Friday, May 31st will be given a dividend of 0.375 per share on Friday, June 14th. This represents a $1.50 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, May 30th.

Tyson Foods has increased its dividend payment by an average of 41.5% annually over the last three years and has raised its dividend every year for the last 7 years. Tyson Foods has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tyson Foods to earn $6.55 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 22.9%.

NYSE TSN opened at $81.46 on Friday. Tyson Foods has a one year low of $49.77 and a one year high of $83.36. The company has a market cap of $29.73 billion, a P/E ratio of 13.22 and a beta of 0.51. The company has a quick ratio of 0.54, a current ratio of 1.38 and a debt-to-equity ratio of 0.80.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 6th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The business had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. During the same quarter last year, the firm posted $1.27 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts predict that Tyson Foods will post 5.99 EPS for the current fiscal year.

Several brokerages have issued reports on TSN. BMO Capital Markets reiterated a “top pick” rating and issued a $90.00 price target on shares of Tyson Foods in a report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Wednesday, May 8th. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Credit Suisse Group upgraded Tyson Foods from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $96.00 in a report on Tuesday, May 14th. Finally, Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $77.94.

In other news, EVP Scott Rouse sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $64.22, for a total value of $160,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sally Grimes sold 83,490 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $78.00, for a total value of $6,512,220.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 170,423 shares of company stock worth $13,353,295. Corporate insiders own 1.69% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Tyson Foods, Inc. Declares Quarterly Dividend of $0.38 (TSN)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/tyson-foods-inc-declares-quarterly-dividend-of-0-38-tsn/3021740.html.

About Tyson Foods

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

Featured Story: Range Trading

Dividend History for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.