Conagra Brands (NYSE:CAG) to Issue Quarterly Dividend of $0.35

Conagra Brands (NYSE:CAG) announced a quarterly dividend on Thursday, December 18th. Stockholders of record on Tuesday, January 27th will be given a dividend of 0.35 per share on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Tuesday, January 27th.

Conagra Brands has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Conagra Brands has a payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Conagra Brands to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 56.2%.

Conagra Brands Stock Down 0.6%

CAG traded down $0.12 during trading on Thursday, reaching $17.81. 8,766,495 shares of the stock were exchanged, compared to its average volume of 8,884,213. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The stock’s 50 day moving average price is $17.69 and its two-hundred day moving average price is $19.03. Conagra Brands has a twelve month low of $16.60 and a twelve month high of $28.51. The stock has a market cap of $8.52 billion, a P/E ratio of 10.12 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts expect that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.