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Tyson Foods increases Class A common stock quarterly dividend to 37.5c per share.

The board of Tyson Foods increased the quarterly dividend previously declared on August 9, to 37.5c per share on Class A common stock and 33.75c per share on Class B common stock. The increased quarterly dividend is payable on December 14 to shareholders of record at the close of business on November 30. The board also declared a quarterly dividend of 37.5c per share on Class A common stock and 33.75c per share on Class B common stock, payable on March 15, 2019, to shareholders of record at the close of business on March 1, 2019. The company anticipates the remaining quarterly dividends in FY19 will be 37.5c per share of Class A and Class B stock, respectively. This results in an annual dividend rate in FY19 of $1.50 for Class A shares and $1.35 for Class B shares, or a 25% increase compared to the fiscal 2018 annual dividend rate.

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Publication:The Fly
Date:Nov 13, 2018
Words:158
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