Conagra Brands (CAG) To Go Ex-Dividend on April 30th

Conagra Brands (NYSE:CAG) declared a quarterly dividend on Monday, March 30th. Investors of record on Thursday, April 30th will be given a dividend of 0.35 per share on Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Thursday, April 30th.

Conagra Brands has raised its dividend payment by an average of 0.1%annually 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 $1.71 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 81.9%.

Conagra Brands Trading Down 0.3%

CAG opened at $14.13 on Tuesday. The firm has a market cap of $6.76 billion, a P/E ratio of -141.24 and a beta of 0.04. Conagra Brands has a 12 month low of $14.04 and a 12 month high of $24.80. The company has a current ratio of 0.90, a quick ratio of 0.30 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average of $16.42 and a 200 day moving average of $17.28.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The company’s revenue was down 1.9% on a year-over-year basis. As a group, research analysts forecast that Conagra Brands will post 1.7 EPS for the current year.

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.