ConAgra Foods Dividend Offers 2.10% Yield

ConAgra Foods, Inc. CAG disclosed that its board has given its approval for a dividend payment of $0.25 per share of its common stock. That means, on a full year basis, it worked out to $1.00 a share. The dividend provided 2.10 percent yield, which was lower than the average yield of 2.80 percent for the five-year period.

ConAgra Foods said it fixed July 29 as the record date to determine the eligible shareholders and that it would pay the dividend by August 31.

The company has been paying a dividend since 1976. Its dividend payable ratio was about 108 percent, which was significantly higher than the average 57 percent in the five-year period. Its dividend growth rate was 2.39 percent for the five-year period and 0.34 percent in the last three-year period.

ConAgra traded 0.31 down on Tuesday.