Sanderson Farms (SAFM) will pay a special dividend of $0.50 per share.

The special dividend will be paid together with the regular quarterly dividend of $0.22 per share.

Commenting on the announcement, Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc., said, "We are pleased with the Board's decision to approve these dividend payments and proud to share our financial success with our shareholders. Our solid operating performance and strong balance sheet have provided the opportunity to pay another special dividend for fiscal 2015. This action demonstrates our confidence in Sanderson Farms' growth opportunities and reinforces our commitment to create value for our shareholders."

Sanderson Farms, Inc. is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.