Tyson Foods, Inc. (NYSE:TSN) Announces Dividend Increase – $0.50 Per Share

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Friday, November 8th, NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49.

Tyson Foods has raised its dividend by an average of 3.2% annually 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 1.7 %

Shares of Tyson Foods stock traded down $1.02 during trading on Wednesday, hitting $60.32. 231,646 shares of the stock traded hands, compared to its average volume of 2,479,490. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $57.28 and its 200 day simple moving average is $60.02. The firm has a market cap of $21.48 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. Tyson Foods has a 52-week low of $52.11 and a 52-week high of $66.88.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. BMO Capital Markets increased their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Barclays cut their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.