Sanderson Farms, Inc. (SAFM) to Issue Quarterly Dividend of $0.32
Sanderson Farms, Inc. (NASDAQ:SAFM) declared a quarterly dividend on Thursday, January 18th, RTT News reports. Shareholders of record on Tuesday, January 30th will be paid a dividend of 0.32 per share on Tuesday, February 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, January 29th.
Sanderson Farms (NASDAQ:SAFM) opened at $136.12 on Wednesday. Sanderson Farms has a 52-week low of $87.54 and a 52-week high of $176.43. The stock has a market cap of $3,111.37, a P/E ratio of 11.11 and a beta of 0.61.
Sanderson Farms (NASDAQ:SAFM) last announced its earnings results on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.50 by ($0.30). Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. The business had revenue of $919.90 million for the quarter, compared to analyst estimates of $916.07 million. During the same quarter in the previous year, the company earned $3.36 EPS. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. equities research analysts forecast that Sanderson Farms will post 9.97 earnings per share for the current year.
In related news, Director Jones Gail Pittman sold 260 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $140.92, for a total transaction of $36,639.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.30% of the company’s stock.
About Sanderson Farms
Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.
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