Tyson Foods, Inc. to Issue Quarterly Dividend of $0.49 (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Thursday, August 8th,RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.49 per share on Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, November 29th.

Tyson Foods has increased its dividend payment by an average of 4.0% per year over the last three years. Tyson Foods has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tyson Foods to earn $4.30 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 45.6%.

Tyson Foods Stock Performance

NYSE:TSN opened at $64.44 on Thursday. Tyson Foods has a 1 year low of $46.51 and a 1 year high of $66.88. The firm’s fifty day simple moving average is $60.26 and its 200 day simple moving average is $59.96. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $22.93 billion, a PE ratio of 28.64, a PEG ratio of 0.96 and a beta of 0.78.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the sale, the director now owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TSN has been the subject of a number of research reports. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Citigroup reduced their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Bank of America reduced their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Stephens raised their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Barclays raised their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $60.67.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.