Sanderson Farms Announces Quarterly Dividend of $0.17 (SAFM)
Sanderson Farms (NASDAQ:SAFM) announced a quarterly dividend on Thursday, January 24th. Investors of record on Tuesday, February 5th will be paid a dividend of $0.17 per share on Tuesday, February 19th. This represents a $0.68 annualized dividend and a dividend yield of 1.38%.
Shares of Sanderson Farms (SAFM) traded up 1.13% during mid-day trading on Thursday, hitting $49.93. Sanderson Farms (SAFM) has a one year low of $36.11 and a one year high of $55.87. The stock’s 50-day moving average is currently $49.10. The company has a market cap of $1.147 billion and a P/E ratio of 21.02.
Sanderson Farms last issued its quarterly earnings data on Tuesday, December 18th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.09. The company had revenue of $648.40 million for the quarter, compared to the consensus estimate of $635.75 million. During the same quarter in the prior year, the company posted ($0.70) earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. On average, analysts predict that Sanderson Farms (SAFM) will post $2.32 earnings per share for the current fiscal year.
Sanderson Farms, Inc. (Sanderson Farms) is a fully integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products.
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