Tyson Foods, Inc. (NYSE:TSN) Plans Dividend Increase – $0.51 Per Share

Tyson Foods, Inc. (NYSE:TSN) announced a quarterly dividend on Friday, November 7th. Shareholders of record on Friday, February 27th will be given a dividend of 0.51 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, February 27th. This is a 2.0% increase from Tyson Foods’s previous quarterly dividend of $0.50.

Tyson Foods has increased its dividend payment by an average of 0.0%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 50.1% indicating that 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 $2.04 annual dividend with an expected future payout ratio of 49.8%.

Tyson Foods Stock Down 2.0%

Tyson Foods stock traded down $1.30 during mid-day trading on Wednesday, hitting $62.12. 506,031 shares of the company’s stock were exchanged, compared to its average volume of 2,905,485. The stock has a 50 day moving average of $61.32 and a two-hundred day moving average of $57.15. Tyson Foods has a 1-year low of $50.56 and a 1-year high of $66.41. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The stock has a market cap of $21.87 billion, a P/E ratio of 110.84, a P/E/G ratio of 1.39 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts anticipate that Tyson Foods will post 3.8 EPS for the current fiscal year.

Insider Activity at Tyson Foods

In related news, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.11% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in shares of Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after buying an additional 228 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Tyson Foods during the 3rd quarter worth approximately $28,000. NewSquare Capital LLC lifted its holdings in Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after acquiring an additional 326 shares during the period. City Holding Co. purchased a new position in Tyson Foods in the fourth quarter worth $29,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the period. 67.00% of the stock is owned by institutional investors.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.