Tyson Foods, Inc. (NYSE:TSN) Increases Dividend to $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 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49.

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

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

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSN. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Finally, Barclays reduced their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.10.

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 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.