Conagra Brands (CAG) to Distribute Quarterly Dividend of $0.17 on December 3rd

Conagra Brands (NYSE:CAG) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.1750 per share on Thursday, December 3rd. This represents a $0.70 annualized dividend and a yield of 4.7%. The ex-dividend date is Thursday, November 5th.

Conagra Brands has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 5 years. Conagra Brands has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Conagra Brands to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 47.6%.

Conagra Brands Trading Up 1.5%

NYSE CAG opened at $14.79 on Tuesday. The stock’s 50 day moving average is $14.65 and its 200 day moving average is $15.31. The firm has a market capitalization of $7.06 billion, a PE ratio of -3.72 and a beta of 0.02. The company has a quick ratio of 0.39, a current ratio of 1.10 and a debt-to-equity ratio of 1.08. Conagra Brands has a twelve month low of $12.53 and a twelve month high of $20.32.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings results on Wednesday, September 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. Conagra Brands had a negative net margin of 16.95% and a positive return on equity of 11.46%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the business earned $0.39 EPS. Conagra Brands’s quarterly revenue was down 1.4% compared to the same quarter last year. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Research analysts forecast that Conagra Brands will post 1.46 earnings per share for the current fiscal year.

Conagra Brands Company Profile

Conagra Brands, Inc is a packaged food company that develops, manufactures and markets branded food products for retail, foodservice and other commercial customers. The company’s portfolio includes frozen meals and side dishes, snacks, refrigerated foods, shelf-stable groceries, condiments and cooking products.

Its brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Hunt’s, Slim Jim, Orville Redenbacher’s, Chef Boyardee, Hebrew National, Vlasic and PAM.