Sanderson Farms, Inc. (NASDAQ:SAFM) announced a quarterly dividend on Thursday, April 19th, RTT News reports. Shareholders of record on Tuesday, May 1st will be given a dividend of 0.32 per share on Tuesday, May 15th. This represents a $1.28 annualized dividend and a yield of 1.13%.
Shares of NASDAQ:SAFM opened at $113.49 on Friday. Sanderson Farms has a 52-week low of $108.82 and a 52-week high of $176.43. The company has a market capitalization of $2,594.83, a PE ratio of 9.61 and a beta of 0.49.
Sanderson Farms (NASDAQ:SAFM) last announced its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.71). Sanderson Farms had a return on equity of 19.30% and a net margin of 8.96%. The firm had revenue of $771.90 million during the quarter, compared to the consensus estimate of $764.22 million. During the same period in the prior year, the company posted $1.02 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. research analysts expect that Sanderson Farms will post 9.2 earnings per share for the current fiscal year.
In other Sanderson Farms news, Director John Bierbusse sold 750 shares of Sanderson Farms stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $120.38, for a total value of $90,285.00. Following the completion of the sale, the director now owns 12,944 shares of the company’s stock, valued at approximately $1,558,198.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.30% of the stock is currently owned by company insiders.
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About Sanderson Farms
Sanderson Farms, Inc, an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken in the export markets.
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