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

Tyson Foods, Inc. (NYSE:TSN) declared a quarterly dividend on Thursday, August 8th,RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.49 per share on Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th.

Tyson Foods has raised its dividend by an average of 4.0% annually over the last three years. Tyson Foods has a payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. 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

Shares of NYSE TSN opened at $63.81 on Wednesday. Tyson Foods has a 12-month low of $46.51 and a 12-month high of $66.88. The company has a market cap of $22.71 billion, a PE ratio of 28.36, a P/E/G ratio of 0.96 and a beta of 0.78. The stock has a 50 day simple moving average of $60.21 and a 200-day simple moving average of $59.93. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Bank of America reduced their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Piper Sandler raised their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Stephens upped their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.67.

Insider Activity at Tyson Foods

In other Tyson Foods 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 transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 in the last quarter. 2.05% of the stock is owned by company insiders.

Tyson Foods Company Profile

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.