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Sanderson Farms, Inc. Announces Increase In Quarterly Dividend To $0.22 And Payment Of Special Dividend Of $0.50

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Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.22 (twenty-two cents) per share. This represents a new annual dividend rate of $0.88 (eighty-eight cents) per share. The Board has also authorized a special cash dividend payment of $0.50 (fifty cents) per share. Both the regular quarterly cash dividend and the special cash dividend are payable on October 14, 2014, to stockholders of record on September 30, 2014. Payment of the regular quarterly cash dividend will remain subject to Board approval each quarter.

Commenting on the announcement, Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc., said, “The Board's decision to approve these dividend payments reflects Sanderson Farms' solid operating performance, our strong financial position, and our confidence in the future. We are very pleased to provide these additional opportunities to reward our shareholders. We will continue to maintain a strong balance sheet that supports our business and provides the flexibility to pursue our growth strategy.”

Posted-In: News Dividends Press Releases

 

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