Smithfield Foods, Inc. (NASDAQ:SFD) Announces $0.31 Quarterly Dividend

Smithfield Foods, Inc. (NASDAQ:SFD) announced a quarterly dividend on Thursday, July 30th. Investors of record on Thursday, August 13th will be given a dividend of 0.3125 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 13th.

Smithfield Foods has a payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Smithfield Foods to earn $2.55 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 49.0%.

Smithfield Foods Trading Down 2.7%

SFD stock opened at $26.59 on Friday. The business has a fifty day moving average price of $25.67 and a 200 day moving average price of $25.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.41 and a quick ratio of 1.29. Smithfield Foods has a fifty-two week low of $21.08 and a fifty-two week high of $29.81. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 10.39 and a beta of -0.41.

Smithfield Foods (NASDAQ:SFD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Smithfield Foods had a return on equity of 15.54% and a net margin of 6.48%.The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Analysts expect that Smithfield Foods will post 2.7 EPS for the current fiscal year.

About Smithfield Foods

Smithfield Foods, Inc (NASDAQ: SFD) is one of the world’s largest pork processors and hog producers. Founded in 1936 in Smithfield, Virginia, the company has grown from a regional ham producer into a fully integrated food company offering a broad range of fresh pork, value-added meats and prepared foods. Its product portfolio includes bacon, ham, sausage, ribs and deli meats marketed under well-known brands such as Smithfield®, Nathan’s Famous® and Eckrich®.

Smithfield operates a network of hog production facilities, processing plants and distribution centers across the United States, Europe and Latin America.