Pilgrim's Pride (PPC) Declares $2.75 Special Dividend; 11.7% Yield

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Go back to Pilgrim's Pride (PPC) Declares $2.75 Special Dividend; 11.7% Yield

Pilgrim's Pride Corporation Announces Declaration of Special Dividend

April 27, 2016 4:20 PM EDT

GREELEY, Colo., April 27, 2016 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (Nasdaq: PPC) announced today that as part of its continuing strategy of improving its capital structure and generating shareholder value, its Board of Directors has approved the declaration of a special cash dividend of $2.75 per share. The total amount of the special dividend payment will be approximately $700 million, based on the current number of shares outstanding. The special cash dividend is payable on May 18, 2016, to stockholders of record on May 10, 2016.

"The Boards decision to pay a special dividend is a... More