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%.