Sanderson Farms, Inc. (SAFM) Declares $0.32 Quarterly Dividend

Sanderson Farms, Inc. (NASDAQ:SAFM) announced a quarterly dividend on Thursday, January 18th, RTT News reports. Shareholders of record on Tuesday, January 30th will be paid a dividend of 0.32 per share on Tuesday, February 13th. This represents a $1.28 annualized dividend and a yield of 0.98%.

Shares of Sanderson Farms (NASDAQ SAFM) opened at $131.25 on Friday. The stock has a market cap of $2,994.26, a price-to-earnings ratio of 10.71 and a beta of 0.61. Sanderson Farms has a fifty-two week low of $87.54 and a fifty-two week high of $176.43.

Sanderson Farms (NASDAQ:SAFM) last posted its earnings results on Thursday, December 14th. The company reported $3.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.50 by ($0.30). Sanderson Farms had a return on equity of 20.97% and a net margin of 8.34%. The firm had revenue of $919.90 million during the quarter, compared to the consensus estimate of $916.07 million. During the same period in the previous year, the company posted $3.36 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. equities analysts anticipate that Sanderson Farms will post 9.97 earnings per share for the current year.

In related news, Director Jones Gail Pittman sold 260 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $140.92, for a total transaction of $36,639.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.66% of the stock is owned by corporate insiders.

SAFM has been the topic of several analyst reports. Zacks Investment Research raised shares of Sanderson Farms from a “strong sell” rating to a “hold” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. lowered shares of Sanderson Farms from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $129.00 to $134.00 in a report on Friday, October 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $150.00 target price on shares of Sanderson Farms in a report on Friday, October 13th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 target price (up previously from $145.00) on shares of Sanderson Farms in a report on Monday, September 25th. Finally, Morgan Stanley initiated coverage on shares of Sanderson Farms in a report on Friday, November 3rd. They issued an “equal weight” rating and a $140.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $137.80.

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Sanderson Farms Company Profile

Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.

Dividend History for Sanderson Farms (NASDAQ:SAFM)

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