Conagra Brands (NYSE:CAG) Announces $0.35 Quarterly Dividend

Conagra Brands (NYSE:CAG) declared a quarterly dividend on Thursday, December 18th. Stockholders of record on Tuesday, January 27th will be given a dividend of 0.35 per share on Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, January 27th.

Conagra Brands has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Conagra Brands has a payout ratio of 56.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Conagra Brands to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 56.2%.

Conagra Brands Trading Down 0.6%

Shares of NYSE:CAG traded down $0.12 during midday trading on Thursday, hitting $17.81. The company had a trading volume of 8,766,495 shares, compared to its average volume of 8,884,213. The company has a current ratio of 1.06, a quick ratio of 0.44 and a debt-to-equity ratio of 0.81. Conagra Brands has a 12 month low of $16.60 and a 12 month high of $28.51. The firm has a fifty day simple moving average of $17.69 and a 200 day simple moving average of $19.03. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 10.12 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.