Dean Foods Company (NYSE:DF) declared a quarterly dividend on Wednesday, August 9th, RTT News reports. Investors of record on Monday, August 21st will be paid a dividend of 0.09 per share on Wednesday, August 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, August 17th.

Dean Foods has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dean Foods to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 34.6%.

Dean Foods (NYSE DF) opened at 12.24 on Friday. The company has a 50-day moving average price of $15.37 and a 200-day moving average price of $18.11. The firm has a market cap of $1.11 billion, a PE ratio of 20.07 and a beta of 0.54. Dean Foods has a one year low of $11.19 and a one year high of $22.31.

Dean Foods (NYSE:DF) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by $0.09. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Equities analysts predict that Dean Foods will post $0.82 earnings per share for the current fiscal year.

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Several research firms have recently commented on DF. Stifel Nicolaus restated a “buy” rating and set a $13.00 price target (down from $17.00) on shares of Dean Foods in a report on Thursday. Vertical Group cut shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Thursday. J P Morgan Chase & Co cut shares of Dean Foods from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $12.00 in a report on Tuesday. BMO Capital Markets restated a “market perform” rating and set a $15.00 price target (down from $20.00) on shares of Dean Foods in a report on Wednesday. Finally, Jefferies Group LLC lowered their price target on shares of Dean Foods from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Dean Foods currently has a consensus rating of “Hold” and a consensus price target of $15.40.

Dean Foods Company Profile

Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.

Dividend History for Dean Foods (NYSE:DF)

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