Sanderson Farms (SAFM) Declares $1.00 Special Dividend; 1% Yield

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Go back to Sanderson Farms (SAFM) Declares $1.00 Special Dividend; 1% Yield

Sanderson Farms, Inc. Announces Increase in Quarterly Dividend and Declares Special Dividend

September 22, 2016 12:36 PM EDT

LAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.24 (twenty-four cents) per share, an increase of $0.02 (two cents) per share per quarter. This represents a new annual dividend rate of $0.96 (ninety-six cents) per share, or an annual increase of $0.08 (eight cents) per share. The Board has also declared a special cash dividend of $1.00 (one dollar) per share. Both the regular quarterly cash dividend and the special cash dividend are payable on October 18, 2016, to stockholders of record on October 4, 2016.... More