Sanderson Farms, Inc. (NASDAQ:SAFM) declared quarterly dividend of $ 0.32 per share, or $ 1.28 annualized.
The dividend will be payable on August 11, 2020, to stockholders of record on July 28, 2020, with an ex-dividend date of July 27, 2020.
Dividends History
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Recent Earnings Announcement
Sanderson Farms, Inc. revealed income for the second quarter of $ 0.28 per share, from the revenue of $ 844.71 million. The quarterly earnings reduced 84.70 percent compared with the same quarter last year. Wall street analysts are predicting, SAFM to report 2Q20 income of $ 0.19 per share from revenue of $ 890.61 million. The bottom line results beat street analysts by $ 0.09 or 47.37 percent, at the same time, top line results fell short of analysts by $ 45.9 million or 5.15 percent.
Stock Performance
According to the previous trading day, closing price of SAFM was $ 118.62, representing a 16.15 % increase from the 52 week low of $ 102.13 and a 33.9 % decrease over the 52 week high of $ 179.45.
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The company has a market capital of $ 2.65 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
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-packed, chill-packed, bulk-packed, and frozen chicken 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 into export markets. Its prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items for distributors and food service establishments.
