Tyson Foods, Inc. (NYSE:TSN – Get Rating) declared a quarterly dividend on Monday, May 23rd, RTT News reports. Stockholders of record on Thursday, September 1st will be given a dividend of 0.46 per share on Thursday, September 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.11%.

Tyson Foods has raised its dividend by an average of 10.3% annually over the last three years and has increased its dividend every year for the last 11 years. Tyson Foods has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tyson Foods to earn $7.88 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 23.4%.

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling the ads blocker and whitelist the site.