Tyson Foods, Inc. (TSN) to Issue Quarterly Dividend of $0.49 on December 13th

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 is Friday, November 29th.

Tyson Foods has increased its dividend payment 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. Equities 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 Trading Up 0.0 %

Shares of Tyson Foods stock opened at $63.81 on Wednesday. The business has a 50 day moving average price of $60.21 and a 200 day moving average price of $59.93. The company has a market capitalization of $22.71 billion, a P/E ratio of 28.36, a P/E/G ratio of 0.96 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. Tyson Foods has a 1 year low of $46.51 and a 1 year high of $66.88.

Analysts Set New Price Targets

Several research analysts recently weighed in on TSN shares. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Barclays lifted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. raised their target price on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Citigroup decreased their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Piper Sandler boosted their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Insider Buying and Selling at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 over the last quarter. 2.05% of the stock is owned by corporate 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.