Sanderson Farms (SAFM) Raises Quarterly Dividend 37.5% to $0.44; 1.5% Yield

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Go back to Sanderson Farms (SAFM) Raises Quarterly Dividend 37.5% to $0.44; 1.5% Yield

Sanderson Farms, Inc. Announces Increase in Quarterly Dividend

September 24, 2020 1:30 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 $0.44 (forty-four cents) per share, an increase of $0.12 (twelve cents) per share per quarter. This represents a new annual dividend rate of $1.76 (one dollar and seventy-six cents) per share, or an annual increase of $0.48 (forty-eight cents) per share. The regular quarterly cash dividend is payable October 20, 2020, to stockholders of record on October 6, 2020.

Commenting on the announcement, Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson... More