Tyson Foods Declares Quarterly Dividend of $0.05 (TSN)
Tyson Foods (NYSE:TSN) announced a quarterly dividend on Monday, May 6th, Stock Ratings Network reports. Shareholders of record on Friday, August 30th will be paid a dividend of $0.05 per share on Friday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.83%.
Several analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Tyson Foods in a research note to investors on Friday. On a related note, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research note to investors on Tuesday, April 23rd. They now have a $28.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.42.
Tyson Foods (NYSE: TSN) traded down 3.37% on Monday, hitting $24.09. Tyson Foods has a 52-week low of $14.07 and a 52-week high of $25.10. The stock’s 50-day moving average is currently $24.01. The company has a market cap of $8.541 billion and a price-to-earnings ratio of 15.22.
Tyson Foods (NYSE: TSN) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.09. The company had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts expect that Tyson Foods will post $2.09 EPS for the current fiscal year.
Tyson Foods, Inc. and its subsidiaries is a meat protein companies and food production company. The Company produces, distributes and markets chicken, beefs, pork, prepared foods and related allied products.
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